Detailed plans for a replica Champs-Élysées strip in Dubai will be announced at the Citiscape property trade exhibition in September – 12 months after they were first flagged, according to the head of development group Union Properties.
Ahmed Khalaf Obaid Bin Touq Al Marri, UP’s general manager, confirmed work had not started on the project, which is touted as inspired by the famous fashion avenue in the heart of Paris.
“In our projection, or plan, it is already there, but when we will announce it, when we will do it, Insha'Allah, in the coming Cityscape exhibition,” he told Arabian Business this week.
“We are just putting our other projects… step by step buildings and it will be staged as phase one, two, three, four. This has still not started.”
Al Marri said last year the Champs-Élysées area would be fashioned on the famous Paris boulevard with "the same activities as the Champs-Élysées". However, he said the length of the Dubai version was yet to be defined. “Maybe it is 1km,” he said last year.
He told Arabian Business this week that: “Our projects will be completed before 2020.”
Union Properties was this week reported as saying that it had been holding discussions with the Dubai Government to bring the Formula One to Dubai at its Motor City race track.
Al Marri told Arabian Business that “we are not discussing that exactly” but that it was “ready to receive them for their training”.
“One of our objectives is can we attract them to come. Our track and our infrastructure, it’s already built on the same (standard) as Formula One racing and we are ready for that – not saying that today or tomorrow, it will take time when it will happen there, but our infrastructure we are ready,” he said.
He said the race track was managed by a separate arm of Union Properties.
“We will do a lot of arrangements internally and also with the Government to do also our external representatives and so on, so it will take a lot of motivation to build this,” he said. “Yes, Dubai is ready to receive this race, but this question has to be answered by the technical or concerned people handling the autodrome company.”
The developer last year announced that it was embarking on six new projects worth AED1.5bn ($408m).
Among them was the phase one and two expansion of its Green Community, situated within Dubailand, as well as a phase three, a new retail area, The Ribbon.
Al Marri said it has now launched phase three of the project, which comprised 210 town houses.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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