$95bn 'new city' planned for Dubai

NEW CITY: The $95 billion project is the latest in a long line of huge development schemes in Dubai. (Getty Images)

A Dubai government firm on Monday announced it will build a "new city" in the booming Gulf emirate at a projected cost of $95 billion, shrugging off the global financial turmoil.

The mixed-use Jumeirah Gardens development will be "an integrated city within a city," to be built over 12 years, Meraas Development said at the opening of Cityscape 2008, a four-day international real estate exhibition.

Jumeirah Gardens will stretch north of Sheikh Zayed Road, Dubai's main thoroughfare linking it to the oil-rich emirate and UAE capital of Abu Dhabi, 150 kilometres to the south.

Meraas Development said that Jumeirah Gardens will comprise business, residential and leisure facilities linked by a transportation network and including some of the city's biggest towers, and with a large canal running through the development.

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READERS' COMMENTS

Reigning opulence
Posted by Cholo Jopson, Dubai, UAE on Tuesday 7 October 2008 at 12:06 UAE time


Where is the map, where is the map of Jumeirah Gardens development? Even without its map shown in papers, it has been known that the new development will emerge far across the residential and business district of Satwa. Perhaps the JG will annex the Downtown Burj Dubai, where the tallest tower continues to rise whilst under construction. When completed in 2009, Burj Dubai will be the centre piece of the multi-billion development envisioned to reinvent the world's fastest growing city with over 30,000 brand new homes, including villas and luxury residential suites and serviced apartments. Even the clones of the lowly villas serving as homes to thousands of expatriate nationals and their families in Satwa, an indomitable contrast to the reigning opulence, are destined into oblivion.

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