Dubai - Master developer Nakheel has welcomed the RTA’s opening of the first phase of a 400 million AED roads scheme at International City.
The project, funded by Nakheel to the tune of AED201 million, will improve traffic flow, reduce journey times and boost safety, the company said.
The scheme includes road widening, new interchanges and signalised junctions in and around Dragon City, International City and Warsan Village, where more than 110,000 people live and over 200,000 visit each day.
Nakheel Chairman, Ali Rashid Lootah, said: “We thank the RTA for its ongoing co-operation and support for transport links at our communities. This project is essential to the overall, long term master plan at International City, bringing major benefits to existing residents, business owners and visitors in the short term, and paving the way for the future growth of the area.”
Traffic studies by Nakheel show that more than 182,000 vehicles currently move in and out of the area every day – a figure which is set to grow as expansions at International City and Dragon Mart continue.
Nakheel is also exploring further traffic enhancement schemes – such as increased parking – within International City.
Dragon City, located on the north-eastern edge of International City, is a sprawling mixed-use master development with a growing collection of retail, commercial, residential and hospitality components.
Spanning 11 million sq ft, Dragon City is home to Dragon Mart, the world’s largest Chinese retail and trading hub outside China, and its sister mall, Dragon Mart 2, which opened in 2015, with a phase 3 retail showroom and car park complex nearing completion. Nakheel’s first hotel – an ibis Styles with 251 rooms – opened at Dragon City in 2016 and a 304-room Premier Inn will open in 2019.
Meanwhile, Nakheel is assessing construction proposals for Dragon Towers, a twin-building residential development with 1,142 apartments, which is set to break ground in Q3 this year.
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About Nakheel (www.nakheel.com):
Nakheel is a world-leading developer and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has around 25,000 residential units under construction or in the pipeline.
Nakheel’s retail arm, Nakheel Malls, is the Middle East’s largest retail developer, with 17.5 million sq ft of leasable space across 19 projects, including large-scale destination malls and souks, F&B destinations and community shopping centres. Assets include the world-famous Ibn Battuta Mall and Dragon Mart, both of which continue to undergo major expansions. Upcoming projects include Nakheel Mall on Palm Jumeirah; Deira Mall at Deira Islands; Al Khail Avenue at Jumeirah Village and more.
Our growing hospitality project portfolio comprises 18 hotels and serviced apartment developments with over 6,500 rooms and hotel apartments between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City. Two are currently open and operational, with the rest at various stages of construction and development.
Media contact: Rebecca Rees on +9714 375 9702 (rebecca.rees@nakheel.com)
© Press Release 2018
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