By Staff writer
Dubai ruler approves designs and masterplan for mixed use project featuring homes, hotels and theatre
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, has approved the designs and the masterplan for the AED8 billion ($2.13 billion) One Central mixed use project.
The project is being implemented by the Dubai World Trade Centre Authority (DTCA) in the Central Business District in Dubai, news agency WAM reported.
It said Sheikh Mohammed expressed his satisfaction and support for its implementation and completion in successive stages according to the plans drawn up for it.
The One Central Project, which is being built on land area estimated at more than half a million square metres close to Dubai World Trade Centre, includes four hotels of three, four and five star categories comprising approximately 2,000 rooms and suites, and residential towers consisting of 1,300 apartments and homes.
There is also a theatre equipped with the latest sound and light technology with a capacity for 2,500 people.
Helal Saeed Al Marri, director general of the Dubai World trade Centre Authority, said that work is under way on the creation and completion of two buildings for offices, scheduled to be handed over by the end of 2017, in addition to a large external space for retail shops and entertainment.