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New phase of MBR City's District One launched

Dubai - A joint venture project between Meydan Group and Sobha Group, Meydan Sobha has already sold out all villas in Phase 1 and Phase 2.

 Meydan Sobha on Monday officially launched the Phase 3 of Mohammed Bin Rashid Al Maktoum City - District One at a news conference in Dubai.
The major attraction for potential home owners is the availability in Phase 3 of a fresh wave of 4 and 5 bedroom freehold villas built on attractive larger plots, with a range of new floorplans including basement options, as well as an extended payment plan.
A joint venture project between Meydan Group and Sobha Group, Meydan Sobha has already sold out all villas in Phase 1 and Phase 2. Handover is scheduled starting mid-d2016 and with more than nine thousand workers currently on site, both phases are scheduled for completion by 2017
"This is a hugely exciting project, and we are delighted to launch the newest phase of Mohammed Bin Rashid Al Maktoum City - District One, while reporting great progress on the first two phases," said Saeed Humaid Al Tayer, Chairman of Meydan Group.
Giving the community a unique waterfront dimension will be a 7 km Crystal Lagoon creating an idyllic manmade beachfront in the heart of the city, with lush green landscaping and a 14 km boardwalk.
Also speaking at the Phase 3 launch, PNC Menon, Group Chairman and Founder of Sobha Group, said: "As a developer, we are committed to meeting our delivery schedule. Construction of both Phase 1 and Phase 2 of the project are progressing well. We expect keen demand for the villas in Phase 3, as we are offering home owners bigger plots, a variety of new floor plans, as well as the option to include a basement."
In order to ensure the 2018 handover date is met for Phase 3 of District One, Meydan Sobha currently has more than 9,000 workers on site for the construction of the villas, with another 1,000 presently engaged in infrastructure works.
abdulbasit@khaleejtimes.com