By Andy Sambidge
Project comprises the construction of towers above the metro station on a 15,000 square metre plot
Tenders for Dubai's first Transit-Oriented Development concept project are set to be issued in May, the Roads and Transport Authority (RTA) said on Sunday.
The emirate's transport authority said it has issued guidelines detailing all information about the Union Oasis project, which the RTA intends to undertake in partnership with the private sector.
The move comes ahead of putting the project - which encourages the use of public transport - to tender in May when potential developers will be invited to invest in the project that comprises the construction of towers above the Union Metro Station on a 15,000 square metre plot.
Union Oasis, which was formerly a public park, will offer mixed development that will include recreational facilities and green areas, residential apartments, commercial spaces as well as retail outlets.
The facility will have direct access to a metro station served by both red and green lines, while the Union bus terminal is just 200 metres away and the marine station at a distance of 500 metres.
Abdullah Yousef Al Ali, CEO of RTA's Rail Agency, said: "The main objective of issuing this guideline is to highlight all particulars and commercial ends of the Union Oasis project, including a Letter of Intent to participate in the auction."
He added: "The Union Oasis Project is the first manifestation of Transit-Oriented Development (TOD) concept in the region... This vital project focuses on developing the Union Square by providing an exquisite environment including residential units, offices, pedestrian-friendly streets, landscapes, vital utilities and retail outlets among others."