Meydan, the private developer behind the world’s largest horse racing complex, yesterday unveiled plans to build an airline pilots’ village as part of the second phase of the Dh21 billion Mohammed bin Rashid City megaproject in Dubai.
Mohammed bin Rashid City – District Eleven, a collection of 1,500 four-bedroom semi-detached villas spanning a total of 450,000 square metres, will be left to Emirates Airline pilots.
Separately Meydan will also build 700 four-bedroom villas for sale comprising another 210,000 square metres.
The project, next to Sheikh Mohammed bin Zayed Road and Al Ain Road, will also include a new private school, Kent College Canterbury – Meydan, a tie-up between Meydan and the Mir Hashem Khoory group.
The school will specialise in equestrian training and will eventually accommodate up to 2,000 students from year 1 to 12 based around the British curriculum, Meydan said.
The company declined to say how much the project would cost to build.
The Mohammed bin Rashid City project, located between Sheikh Zayed Road, Emirates Road and Al Khail Road, was announced in November 2012. At the time it was slated to comprise the world’s biggest shopping mall dubbed the Mall of the World and more than 100 hotels.
However, since then the task of building the Mall of the World has been passed to the government conglomerate Dubai Properties and located on land it owns off the Sheikh Zayed Road.
Speaking at a press conference at Cityscape yesterday, Khalfan Bel Houl, vice president for strategy at Dubai Holding, told reporters that the first phase of the Dh25bn Mall of the World will be complete three years from the moment construction work starts on the site.
However, he declined to give any details as to how the megaproject would be funded or what elements from the master plan would be included in the first phase.