Meydan Sobha, a joint venture between race track developer Meydan and leading real estate company Sobha group, said the construction on its Mohammed Bin Rashid Al Maktoum City – District One project remains on target, with the first phase villas scheduled for a mid-2016 handover.  

With Phase One villas being fully sold and Phase Two villas nearly sold out, the company is focused on delivery of homes and has completed 90 per cent of Phase One villa foundations.

Work on vertical structures as well as infrastructure, including an 8.8-km bicycle and jogging track, are progressing rapidly. Currently there are more than 4,000 workers on site, with numbers expected to reach more than 7,000 workers in a few months, said the company in a statement.

With Phase One villas set to be finished next year, Meydan Sobha is committed to delivering to its residents a beautifully landscaped and well-appointed community, the statement added.

Meydan Sobha said it has differentiated the new community through a master plan of more than 60 per cent open and green space among its homes and amenities.

Covering 1,100 acres, the project includes the development of a seven-kilometre stretch of Crystal Lagoons to give residents a beachside lifestyle. The careful planning of District One makes it one of the lowest density residential developments in the world and a truly unique proposition on the Dubai property market, it stated.

Commenting on the progress, Mohammed Ahmed bin Abdulaziz Al Shehhi, a board member of Meydan Sobha, said: "We are incredibly proud of the progress made so far and feedback from our customers has been fantastic. With construction hitting targets for both Phase One and Two we are looking forward to another successful year ahead as we gear up for delivery of Phase One starting in mid-2016."

With its three distinct villa styles - Modern Arabic, Mediterranean and Contemporary, ranging from four- to eight-bedrooms, the development raises the bar for luxurious living and is set to redefine suburban community living in the heart of Dubai, located just four minutes from Burj Khalifa and Dubai Mall, he noted.

PNC Menon, the founder and chairman of Sobha Group, said the project located in the heart of Dubai is the perfect residential getaway, with its range of facilities and community atmosphere.

"Our main focus, beyond timely delivery, is to employ best of breed construction methods and controls to handover the best quality villas in the market," he added.-TradeArabia News Service