Project: Park Square
Covered Area: 1.4 Mil sq.ft.
Components: The Park Square Mall Leisure Complex, Tower Hotel, Residential Towers, Office Towers and Buildings.
Construction start: 2006
Construction end: ??

Construction site:

http://www.km-properties.com/parksq/pics/08.jpg

http://www.km-properties.com/parksq/pics/09.jpg

http://www.km-properties.com/parksq/pics/10.jpg

http://www.km-properties.com/parksq/pics/11.jpg

http://www.km-properties.com/parksq/pics/12.jpg

http://www.km-properties.com/parksq/pics/13.jpg

http://www.km-properties.com/parksq/pics/14.jpg


According to Gulf News today, land in the area between the two new Zabeel Parks and incorporating the new Etisalat Tower to be called PARK SQUARE is being marketed by KM properties. Plots are being sold for development of towers with unlimited height. :eek2:
.

Features will include;

Dubai Metro Station and Headquarters, incorporating a Park and Ride system

1.4 million sq ft residential, commercial and entertainment development.

Magnificent (it says here) views of the sea and creek from hi rise apartments and offices.

Further details from KM proerties on tel 2951615

this is great news indeed
excited about what they will build there

sounds good...
let's see what's to come here...!
perhaps some of the towers d-l posted in project forum.

Am sure that the phrase "unlimited height" will result in some huge towers poppin up, maybe by Dubai standards these days, they might not be sooo huge ;).

they might not seem so huge at least ;)

this is great
Despite this will be a little island cluster
it could not be in better location !

heres the map on the gulf news ad...

http://img208.exs.cx/img208/4306/dsc011218ut.jpg

but really how many plots can there be on this area
what about the eppco there already ?

or looking closer at the map is the petrol station on the corner of the park there ?

i asumed that this area was part of the park. doesnt the suspension bridge connect into this area.

probably about 1/2 a sqkm?

[assuming if it were a sq, the edges would be roughly a km each?

id guess the petrol station is right under the metro station.

*being pedantic* emarat, not eppco!

The pedestrian bridge goes from the top right hand corner of the lower Zabeel Park to
the bottom r/h corner of the upper park.

http://www.imagestation.com/picture/sraid163/pede0cbb09a2d9038569530d50dc93137/f4920b99.jpg
http://www.imagestation.com/picture/sraid163/p15687b596f542f5fed63d1cadc38a40b/f4920950.jpg

it's not one of the biggest projects but enough space to pull up 5 towers or so?

unlimited heights, now that's sounds promising :)

estimated construction start btw??

they have 40 plots ranging from 17k to 21k sqft & u can build anything above 25 floors.

but the prices are krazy AED 300 for per sq ft. buildup (similar to DIFC and more expensive than Business Bay)... and guess what only for 30 years lease and one can renew at the same price for another 30 years after that period... (that means 3 times the price of DIFC & 4 times BB = this is crazy)

also i dont understand the parking & traffic solution???

interestingly 10 plots are already sold today... i would get the master plans tomorrow... let me see if i can post them...

10 plots aready !
and what do they mean by Phase 1 release ? there will be more where ???

xaraxa: thanks for the information, can't wait for that masterplan :)

if we think that they would put that plot buildup price to maintenance charge it would be:
21k sqft * 200AED = 6.300.000AED
6.300.000 / 30(years) / 300(amount of apartments) = 700AED for year / 58AED for month per apartment
afterall it doesn't sound so high...

aha, someone else who can get some official stuff for this :)
can't wait for your details :okay:

40 plots? i never expected it to be that spacious :eek:
but it will be very dense then!

Will be good to have another cluster and its edging closer to Bur Dubai area as well
+ it makes great use of the park that no really tall towers we looking on to. At least will these as pack drop the park might get a few hours of shade as well

There is a map in todays gulf news business section. they are selling phase 2 now and they have about 40+ plots and they do mention that plots can be used for office, commercial, residence, leisure or entertainment with UNLIMITED HEIGHT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
R

40 plots of high-rises
it will be very dense

come on, someone scan it in!

ATLAST they are starting to develop Dubai instead of Dubais desert :)

i though of LA when i saw the add !!

we need a render/scan here guys :)

if they are selling just the plots then the render doesn't show anything, I mean just some vision picture...

I hope that some developers will build there towers with unlimited height :D

and the location is great , too...
so it might be reasonable...
but i am not the expert...

some info i got from an arabic article

total size of the project = 22 million ft2

total size of land used for 40 towers = 4.1 million ft2

Total investments = 14 billion derhams

towers will range from 25 floors up to 90 floors

30 office towers and 10 mixed use

two major hotels

one mall = one million ft2


21,000 car parks of which 9000+ will be for the mall customers

land prices will range from 53 million to 340 million derhams


source (http://www.albayan.ae/servlet/Satellite?cid=1113305903444&pagename=Bayan%2FBayanArticle%2FBayanArticle&c=Page)

last time round 2 of us got it on the site by mid afternoon.

as soon as i leave town things begin to slip :ohno:

dont worry i should be back in june.

some info i got from an arabic article

total size of the project = 22 million ft2

total size of land used for 40 towers = 4.1 million ft2

Total investments = 14 billion derhams

towers will range from 25 floors up to 90 floors

30 office towers and 10 mixed use

two major hotels

one mall = one million ft2


21,000 car parks of which 9000+ will be for the mall customers

land prices will range from 53 million to 340 million derhams


source (http://www.albayan.ae/servlet/Satellite?cid=1113305903444&pagename=Bayan%2FBayanArticle%2FBayanArticle&c=Page)

and this is supposed to be phase 2 of this project :drool:

the skyline is growing and growing
imagine how it will look in 8 years or so WOOOOOOOOOW!

dubai_boy, plz try to scan it in.

the source is in my post ahmedr

up to 90 floors !!!

great great...and the location is perfect it will add an amazing skyline...!

the source is in my post ahmedr
No, I meant the ad in the newspaper.

يضم مركز المترو وأكبر موقف للسيارات في الشرق الأوسط
«كي أم بروبرتيز» تبني 40 برجاً بتكلفة 14 مليار درهم






كشفت «كي أم بروبرتيز» العقارية لـ «البيان» عن مشروعها العقاري الذي تطوره قرب حديقة زعبيل قبالة شارع الشيخ زايد بدبي باسم «دوارالحديقة» وهو على شكل مدينة متكاملة تبلغ مساحتها الإجمالية 4. 1 مليون قدم مربع. بينما تبلغ مساحة البناء الإجمالية نحو 22 مليون قدم مربع وتصل استثماراتها الى 14 مليار درهم.


وتتكون من 40 برجا منها 30 برجا للمكاتب و10 مزدوجة الاستخدام، كما تضم المدينة أكبر موقف للسيارات في الشرق الاوسط، وتمتاز بوجود أكبر محطة لقطار دبي السريع فيها، الى جانب فندقين، ومركز للتسوق، ودار عرض سينمائي.


وقال قصي يوسف مدير عمليات «كي أم بروبرتيز» التابعة لمشاريع الرستماني التجارية ان المرحلة الأولى من المشروع بيعت خلال ساعات، مما دعا شركته الى إطلاق المرحلة الثانية أمس لتلبية طلبات المستثمرين وأغلبهم من الأجانب، وتتراوح مساحات الاراضي في المشروع الذي يتكون من 40 قطعة أرض مابين 900. 11 قدم مربع و870. 23 قدما مربعاً، بأسعار تتراوح مابين 53 و340 مليون درهم.


وتنص عقود البيع على أن تملك أي قطعة أرض في المشروع يستمر لمدة 35 سنة قابلة للتجديد، ويعطي العقد للمالك بتجديد أو إلغاء ذلك العقد، ويؤكد يوسف أن عوائد الاستثمار في المشروع يتراوح ما بين 25 الى 50 في المئة.


وأشار إلى أن مشروع Park Square أو «دوار الحديقة» سيساهم بتخفيف أزمة المرور والنقل من خلال خدمة «أركن سيارتك واستقل المترو» وهي الأولى من نوعها في المنطقة، حيث سيكون بمقدور الجميع ترك سياراتهم في مواقف خاصة تتسع لـ 21 ألف سيارة، ليستقلوا المترو الى مطار دبي خلال 11 دقيقة، أو التوجه الى جبل علي خلال 14 دقيقة.


وتبلغ تكلفة تشييد تلك المواقف نحو مليار ونصف المليار درهم، وتتكون من 21 الف موقف منها 9205 مخصصة لرواد مركز التسوق. وأوضح يوسف أن شركة Dimension «أبعاد» تتولى تصميم مشروع Park Square وفق مواصفات عالمية، تراعي خصوصية الهوية الثقافية المحلية وإطلالة المشروع على شارع الشيخ زايد وموقعه الى جانب حديقة زعبيل.


التي تعد أكبر حدائق دبي، حيث ستشكل الأبراج ال40 قوسا جماليا في قلب المشروع بإرتفاعات مختلفة تتراوح ما بين 25 طابقا الى 90 طابقا، ويتوسطها مركز تجاري ضخم تبلغ مساحته مليون قدم مربع، وتزينه قبة زجاجية تلتف حولها الابراج، ويضم مراكز تجارية لأشهر الماركات العالمية وسلسلة مطاعم، ومراكز ترفيه.


وأوضح يوسف بأن الموقع الحيوي للمشروع وقربه من حديقة زعبيل والمركز التجاري وأبراج الامارات الى جانب وجود مركز وإدارة مترو دبي فيه والطلب الكبير على المكاتب التجارية في دبي وتحديداً في شارع الشيخ زايد دفع بالشركة الى تخصيص النسبة الاعلى من المشروع للمكاتب التجارية، لكن ذلك لم يمنع من التخطيط ليضم مركز تسوق ضخم وفنادق ومراكز ترفيه.


كتب مشرق علي حيدر

couldnt paste the pic

http://www.km-properties.com/parksq/images/map1.gif


http://www.km-properties.com/parksq/images/main_page_new.gif

http://www.km-properties.com/parksq/images/main.gif
http://www.km-properties.com/parksq/images/feature.gif

great thanks!
it looks like that golden dome will not be in that project,...
if i look at the plots...

finally km has updated their website
lol, what a crappy one :D

golden dome could be the blue flower in the center

oh yes could be. just noticed that.
locations is ok ... will it really be...

i really would like to see that Dome .. i guess it will be a unique structure

Interesting, an ad similar to the Gulf News one was published in the local South China Morning Post (SCMP) just yesterday:

http://img179.echo.cx/img179/7360/parksquare4uk.jpg

http://img215.echo.cx/img215/5174/parksquaremap8tl.jpg

Lately there have been a few full-page Nakheel ads on The World and The Palms as well; Dubai's becoming the talk of the town here (well, at least among the English-speaking population). :)

at least some companies now advertise their projects abroad
i have never ever seen an advertisment for one of dubai's projects here in germany, although germans play a major role in dubai's tourism business! :dunno:

Lately there have been a few full-page Nakheel ads on The World and The Palms as well; Dubai's becoming the talk of the town here (well, at least among the English-speaking population). :)

Nakheel's Project Manager for the off-shore developments, is Hong kong Chinese.

at least some companies now advertise their projects abroad
i have never ever seen an advertisment for one of dubai's projects here in germany, although germans play a major role in dubai's tourism business! :dunno:

Chinamex and Nakheel have heavely advertized the Dragon Mart in China, especially Shanghai and Beijin.

They do advertise in Germany. What do you think was the VOW documentary on Saturday, or the other two they had on VOX Tours last month?

that's not what i consider as advertising
just superficial (old) information

what i mean is there is no way to have a look at properties and projects like in the gulf news
i now, the german newspaper can't contain as much info as the gulf news, but a small ad once a month would probably do it.

that's not what i consider as advertising
just superficial (old) information

what i mean is there is no way to have a look at properties and projects like in the gulf news
i now, the german newspaper can't contain as much info as the gulf news, but a small ad once a month would probably do it.


their is a lot of ads in a numner of U.K news paper, but I remember when I was in berlin for the ITB their was a German magazine concentrating on Dubai real-estat but of course I doubt it is a magazine you will find in supermarkets.

Updated Post 39 with a clear plot location map.

why don't we read about this in the newspapers?
i hate it when a project is for sale already but we don't get any deails

Oh, today they had 2 page ad in geulf News. They had a picture of the aerea, with overlaping map plot. You reallu could get an clearer idea on the aerea.

can you scan it please?
but i guess no closer information though?

Nakheel's Project Manager for the off-shore developments, is Hong kong Chinese.No wonder! What's his name?

Can't remember, saw it somewhere in TV.

KM Properties presents 'The Park Square project'

'Never before has a potential investor seen such a unique investment opportunity with such strong financial returns' Mr Qusai, the Operations Manager of KM Properties said.

http://www.ameinfo.com/images/news/1/14151-parksquare.jpg
The Park Square Mall Leisure Complex, Tower Hotel, Residential Towers, Office Towers and Buildings.

KM Properties is a subsidiary of the Al Rostamani Enterprise and is a fully fledge real estate company with a diversified portfolio of residential, commercial and freehold properties in over 80 countries. In addition, KM Properties' range of services also includes property investment, management of completed projects, evaluation and inspection, retail and consultancy, maintenance and interior design, personal and business storage, special needs for the elderly as well as financial and legal advice. In addition KM Properties has ventured into e-marketing targeted at property investors and developers.

The Clients of KM Properties are at a distinct advantage finding it much easier to operate within the property market due to KM Properties' local team of specialist property consultants and global network that spans 80 countries.

The Park Square project conjures up a vision of a desired lifestyle, luxury, state-of-the-art facilities and iconic buildings. This proposed novel development is set to make this particular vision become a reality.

The Park Square Project, which covers 1.4 Mil sq.ft. has already received unprecedented demands resulting in Phase I being sold out within the first week of release. The investment figures speak for themselves with a projected 300% return on investment and individual investors receiving a Financial Plan of their plot highlighting the return on investment and RRI. The Project's range of components has attracted immense attention from investors, being near to a Theme Park, Zabeel Park - being developed by Dubai Municipality,
The Park Square Mall Leisure Complex, Tower Hotel, Residential Towers, Office Towers and Buildings. The closeness to the twin parks and the accessibility of Dubai Metro's Station on site as well as the largest Headquarters, have made this a unique investment opportunity.

The Master Plan for Park Square was developed by KM Properties with a large team of International Consultants. Investors and developers are being offered 35 year concession rights to develop properties on a mixed-use basis with first renewal rights. The concession offerings include a complete Business Plan and Financial Modeling validated by a team of international financial houses, preliminary development concept, suggested space utilization and optimal revenue model.

It is anticipated that the first construction tenders will come out in early 2006 and that construction will commence within the first quarter.

Park Square hosts unique features which include the development being within Zabeel Park which is a twin park which flanks either side of the development. The development itself will comprise of business, commercial, residential, leisure and entertainment. Add to this the location of the Dubai Metro Headquarters and one large train station and it is a receipe for unprecedented value for money. Park and Ride facilities will ensure a hassle-free, congestion free area and at the same time provide a central quick and easy connection by rail to all major parts of the city. The development is only 11 minutes train ride away from the Dubai International Airport and 14 minutes from Jebel Ali. The Metro Rapid Train will have the capacity to carry 170 million passengers a year and will be able to cope with Dubai's anticipated annual population growth rate of 6%. This is reflected in the projected passenger carrying figures for 2020 of 1.8 million passengers daily and 570 million annually.

Park Square is strategically located near the World Trade Center, Sheikh Zayed Road and the Fairmont Hotel area. Once constructed residents and office dwellers will enjoy spectacular views of sea, lake and Dubai Creek. With Parks on the doorstep and the thoughtful layout of the master plan, this is a once only investment opportunity for a distinct lifestyle.

sounds all good. but i want to see towers announced...
but this could take a long time, as construction beginning is set for 2006..

i think with zabeel park around the towers it will be awesome

we can expect the first towers to be announced in late summer i guess

Great views of the project site and what views the supertall will have: http://www.km-properties.com/parksq/img_gal.htm

Nice find, here they are

http://www.km-properties.com/parksq/pics/01.jpg

http://www.km-properties.com/parksq/pics/02.jpg

http://www.km-properties.com/parksq/pics/03.jpg

http://www.km-properties.com/parksq/pics/04.jpg

http://www.km-properties.com/parksq/pics/05.jpg

http://www.km-properties.com/parksq/pics/06.jpg

http://www.km-properties.com/parksq/pics/07.jpg

http://www.km-properties.com/parksq/pics/08.jpg

http://www.km-properties.com/parksq/pics/09.jpg

http://www.km-properties.com/parksq/pics/10.jpg

http://www.km-properties.com/parksq/pics/11.jpg

http://www.km-properties.com/parksq/pics/12.jpg

http://www.km-properties.com/parksq/pics/13.jpg

http://www.km-properties.com/parksq/pics/14.jpg

Added the pics to the first post.

how long ago was this ?
park is looking far less complete that i would expect

I have no idea, images taken from the park square website so can be pretty old.

KM Properties project sold out to global and local investors

Staff Report

Dubai: UAE-based developer KM Properties said its Park Square project has been sold out to global and local investors.
The projected return on capital employed for each investor was no less than 200 per cent, it said in a statement.

The project was successfully promoted to the public two month ago.

The company is now finalising a design for another project on Shaikh Zayed Road next to the new leisure and retail centre, Ibn Battuta Mall, the statement said.

The size of the plot is about 3 million square feet and it will be divided into smaller plots to suit investors who are targeting low risk investment and financial return of at least 60 per cent, the statement said.

Will the projects never stop coming! 3 million sq feet sounds good though.

^ But that aerea is full of power lines

maybe this will chage... hopehopehope...

^ As they say: ''Don't even think about it ... ''

yeah
oh my it never stops
anyway, my focus is park square itself

why already give info about a new project although there is not even one tower announced for park square

totally unnecessary!
anyway, if these power lines near ibn battuta will be removed then, i highly support this project! :D

i will come with a excavator and help them indeed :D

the first tower going on sales is park lane tower

no details for this one though, just the name

moving things forward. where did you get that.

i like dubai lover signature ....
I love the park square project .....40 buildings in that small area ......amazing

moving things forward. where did you get that.

well, yesterday there was a tiny ad on the front page of gulfnews on the top

today there was a one page ad in the properties section giving us the following link


http://www.km-properties.com/parklanetower/

interesting project! there's a lot of green!

the view will be awesome from there. thanks D-L.

Intresting good clear view from there

just one of the towers for PARK SQUARE
Maybe

http://www.km-properties.com/parklanetower/images/location2.gif
ghost of the tower there looks very ordinary
almost like is it lulu tower ?

is this the 140 level one ?

the first tower going on sales is park lane tower
no details for this one though, just the name

trances:no this is just some random tower , park lane, the first one approved for park square.

http://www.skyscrapercity.com/showthread.php?p=4950386#post4950386

And the location:

http://www.km-properties.com/parklanetower/images/loc_map2.gif

Just thought I'd bring back this thread because it seems to be the worst affected project by the new airport restrictions. It's not only the 666m tall one that's a problem though because they claim they've sold plots for towers up to 90 floors high! Also don't this company have another project like this in the planning? Maybe they could build their supertall there.
So after all these mega-projects released by developers over the last months, it looks like reality has come back to bite them in the ass! :(

like i said in parklane thread this whole project will disappear when this restriction goes through.

still heads of other places
Park square was always going to be a massive island by it self, but location was prime on the park land and two major roads on each side. Sure there will alternative plans. Maybe they can build the towers down? LOL

the airport restriction flow? i didnt think the park square area would come under the restriction radius

read al durrah thread!!

isnt that in bahrain?

http://www.skyscrapercity.com/showthread.php?p=5293780#post5293780

excellent, thanks :cheers:

what the F*** are you doing here...

in response on the "??" by juiced below this post.

i was wondering what you are doing here if you don't even know we have an al durrah tower.

So any news about the height restrictions? Since there were 90F towers planned we should have heard something by now.

nothing on this topic
Sa boy even mentioned a proposal/to be approved over 300 for that area recently.

KM Trading's Park Square experiences high demand

Staff Report

Dubai :
KM Properties has claimed it has received high demand for Park Square, an office tower situated at Park Square, close to the World Trade Centre and Dubai's financial district.

According to KM Properties, investors who have so far invested Dh100 million in the property are expected to make an annual return of 16.6 per cent. This, says KMP, is because of its location "perfect to meet the needs of local, national and international business concerns." The site also marks a junction of the new Dubai metro.

Commenting on the project Qusai Yousuf, operations manager, said: "We have received a lot of positive interest from local and international companies since the announcement of this project at the City-scape exhibition. Turner Construction International, one of the world's largest construction companies, has secured office space in the office tower.

Construction for Park Lane Tower is expected to commence in early 2006 and be completed by 2008. Office sizes start from 526 square feet and onwards, to fully meet the needs of a range of businesses.

Have they done anything yet?

any updates?

^^ Most propably this project has been cancelled, or minimum postponed for years. The aerea was boarded before, now the boarding has been removed.

Back from the dead?
Check the website, there are renders of a completely new masterplan with smaller towers and not as crammed as before. Also see the little video at the bottom of the page :)

http://km-properties.com/images/photos5_big.jpg

http://km-properties.com/images/photos1_big.jpg

http://km-properties.com/images/photos2_big.jpg

http://km-properties.com/images/photos3_big.jpg

http://km-properties.com/images/photos4_big.jpg

http://km-properties.com/images/photos6_big.jpg

Park Square* is a large mixed-use development targeted to become a popular destination for leisure and entertainment activities. It will deliver highest standard facilities to be a major leisure hub in the heart of Dubai.

Theme Park
The project will be adjacent to a Man-made stretching over 2 Mil sq.ft. of land and connected through a bridge and is being developed by Dubai Municipality. The theme park aims to give visitors a glimpse of different entertainment theme and motifs.

The Park Square Mall Leisure Complex
The one million sq.ft mall is a vibrant mixture of retail concepts with a themed environment spanning: retail outlets, boutiques, restaurants, coffee shops, and public spaces of which will ensure that this zone remains active and alive with activity all day long.

Hotel Towers
4-5 star Hotels of International standard will be erected adjacent to the Park View Mall providing guests with approximately over 250 guestrooms and suites.

Residential Towers
Innovative development concepts will provide varieties of residential types and quality built in amenities.

Office Towers
Located around the central hub of the project, these low and high rise office towers will provide utilities and services to all tenants and residents of the project.

that's fantastic :)

so it will go a ahead with 220 height limited most probably. that is amazing.

great news.. i told u it's not dead ;)

video and renders are nice but seem early stage..

I see many veiled women :lol:

Finally something new!! :okay: :eek:

looks too bulky and cramped for my taste

one could also say organized and space orientated ;)

i actually like this bulky feeling with the large inner open space. a pity of course the supertall is now indeed gone (will it be built in BB maybe?) but we supposed so.

on the other hand it looks a bit boring (of course you could also say simple) but this might be a random concept.

however again, they look like all glass which is always fantastic.

Cramped? I don't think so at all, think of the old masterplan, now that was cramped :)

Some of the towers are too plain though

i don't like that renders it's looks in same level,high and design!!

it doesnt look like dubai...its very...not dubai. but im glad they changed their minds abt the 40 towers and brought it down to 13.

R

I'm really wondering if this should be here anymore or not? Never built???

i guess so

no sign of changes at the site, maybe it will be build, maybe not.