Central District of IC is now fully taken up

Central District of IC is now fully taken up

  • E-Mail
By  Colin Foreman Published  August 7, 2004

The Central District of International City is now sold out, two years ahead of the projects expected completion date. The Nakheel development is located in the centre of International City and spreads over 21 ha of land. Once complete the district will be the centre of International City’s commercial activity but will also house residential and leisure amenities. The district’s 34 plots have been sold to independent investors. The new owners have the flexibility to develop their own projects on the plots, under Nakheel’s guidelines. Although The Central District will primarily serves as the business hub of International City developers will also be able construct residential towers. All of the 11-storey towers in will house retail outlets on the ground floor and each tower will have basement parking for 130 vehicles. The key feature of the district will be the 30 to 40-storey tower that will house corporate offices with a shopping mall at its base. Sultan Ahmed bin Sulayem, executive chairman, Nakheel, said: “We have positioned International City as the one of new centres for trading and commercial activities in Dubai. After careful research and study, we positioned this project in an area which we anticipate there will be major commercial and residential growth in the coming years. It is the first project in the Middle East to offer residential buildings within a business, retail and tourism complex. Unlike other large projects currently under development, International City is truly international, offering upscale residences designed along architectural styles from around the world and commercial buildings in the heart of a major world-class mega-project. We are positive it will prove to be a magnet for those looking for a new home as well as multinational companies that want a location in the heart of the Middle East’s business hub.” “International City will be a major development that will offer world-class amenities, state-of-the-art conference and exhibition facilities and a pleasant working environment for companies choosing to have offices in the Central District. Companies will have the convenience of restaurants and retail outlets on their doorstep, as well as enjoy the benefit of being part of a network of businesses right in the centre of Dubai’s commercial hub,” added bin Sulayem. International City is being built to cater for international investors, traders and retailers in Al Warsan area, just 12 km from Dubai International Airport. The development is divided into six main areas, incorporating residential, commercial and retail buildings. The six areas are the Central District; Dubai Gate, the gateway to International City that forms the border on three sides of the development; the Residential District, incorporating different architectural styles from around the globe; the Lake District, a quiet lake and public park area; Forbidden City, a 240 000 m2 replica of the Forbidden City in Beijing and Chinamex Mart, a dragon-shaped shopping mall with a 1.4 km long spine selling Chinese produce.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code