‘Mohammed Bin Rashid’ City with World’s Biggest Mall
Last week a new city has been announced by Sheikh Mohammed – ruler of Dubai as follows:-
-It is called Mohammed Bin Rashid City
-It is the biggest Dubai project announced since the financial downturn of 2008
-The master developers will be Emaar and State owned ‘Dubai Holdings’
-This massive new city lies between developed areas of Business Bay, Burj & Meydan in the North and Emirates Road & Dubailand in the south
-The City will be over 5 square kilometres and will include Malls, Parks, golf courses, over 100 hotels and complete Residential Communities
-The main mall will be the biggest mall in the World (much bigger than existing Dubai Malls). It will be called “The Mall of the World”
See news links below:-
Dubai’s mega-project to boost sector growth
Dubai plans new ‘city’, world’s largest mall
Mohammed floats new city
Dubai to build world’s biggest mall
Dubai, Home to World’s Largest Mall, Plans Bigger One
This new city will be adjacent to the location of our best-selling low cost investment apartments. See page 1 of the Dubai Map showing location of New City (red circle) adjacent to the low cost investment units in Al-Warsan (green circle).
Most of the announced properties are high end and will not be ready for many years but they will have a positive effective on capital growth of the low cost investment units.