Business | Property
ICD announces One Za'abeel project in Dubai
Investment Corporation of Dubai (ICD) has announced the launch of a 36-storey mixed-use development - One Za'abeel - at the World Trade Centre roundabout.
- Staff Report
- Published: 00:03 June 11, 2008
Dubai: Investment Corporation of Dubai (ICD) has announced the launch of a 36-storey mixed-use development - One Za'abeel - at the World Trade Centre roundabout.
One Za'abeel is so named because it carries the address 1 Za'abeel, located between the old and new business districts of Dubai on Shaikh Zayed Road.
One Za'abeel will consist of three separate towers that will be inter-connected at the top and will have a common podium at the base. In a first for the region, a highway will run through the development. One Za'abeel will also be in close proximity to two Metro stations.
The complex will include a residential tower with 450 apartments, a five-star hotel tower with 370 rooms and a commercial tower offering 500,000 square feet of office space. The commercial tower will be interconnected at the top with 133 serviced apartments, and will also contain a swimming pool, meeting rooms, and other facilities.
A total retail area of 270,000 square feet will be in the retail podium connecting the three towers at the ground level.
Construction is due to begin shortly and completion is scheduled for early 2011.
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