Dubai-based Eye of Dubai Investments is investing $572m in the Al Wasl City residential and hotel development, reported Gulf News. The development consists of eight 32-storey towers with residential apartments, including serviced apartments, and a five-star hotel. The apartments will be for rent and long-term lease. Construction is expected to begin in six months.

Originall posted by Dubai Flo:
Eye of Dubai Investments Co (EDIC), a Dubai-based developer, is investing Dh2.1 billion in Al Wasl City, an eight-tower residential and hotel cluster that will be put to tender within months.


According to Gulf News, this is part of the company's total investment of nearly Dh3 billion involving three major projects in Dubai.



To be built on a 600,000 square foot plot of land in the Al Wasl area, the project will have a built-up area of 3.8 million square feet and comprise eight 32-floor towers containing apartments, serviced apartments and a five-star hotel to be operated by a prominent chain.

© 2006 Mena Report (www.menareport.com)



From todays GN:

EDIC will invest Dh2.1b in Al Wasl City tower complex
By Saifur Rahman, Staff Reporter


Dubai: Eye of Dubai Investments Co (EDIC), a Dubai-based developer, is investing Dh2.1 billion in Al Wasl City, an eight-tower residential and hotel cluster that will be put to tender within months.

This is part of the company's total investment of nearly Dh3 billion involving three major projects in Dubai.

To be built on a 600,000 square foot plot of land in the Al Wasl area, the project will have a built-up area of 3.8 million square feet and comprise eight 32-floor towers containing apartments, serviced apartments and a five-star hotel to be operated by a prominent chain.

"The overall cost of the project is estimated at more than Dh2.1 billion including the cost of the land. Construction costs may exceed Dh1.2 billion.

"The project is currently in the design stage, following which we will commence the tendering and construction works," Abdullah Kassem Al Mulla, EDIC chairman, told Gulf News on Sunday.

"We expect construction to begin in six months time.

"One of the towers will house a 500-room hotel while another will host 500 serviced apartments."

Among the other towers, two will be commercial projects for office leasing and the remaining four will be apartments.

All the towers, Al Mulla said, will be 32 floors and provide ample parking space for residents and visitors. The apartments will be put on the rental and long-lease market and will help Dubai's overheated rental market which needs additional capacity.

EDIC is owned by a consortium of investors from Dubai and Kuwait along with an institutional investor from Bahrain.

Food court

"We are managing funds through our internal resources. At this point, bank finance won't be required," he said.

In addition, the company has started the piling and earthworks for Zabeel Mall, a Dh720 million shopping mall in the Al Wasl area.

The project will be built on a 400,000 square foot plot of land, of which 240,000 square feet will be dedicated to the mall and the rest to parking space.

Zabeel Mall will have a built-up area of 1.5 million square feet, including two basement floors to give shoppers additional parking space.

It will have a food court that will host 11 coffee shops, eight restaurants, a children's amusement and entertainment centre as well as an eight-screen cinema and entertainment complex. It will have 280 retail stores.

"The retail area of the mall will spread accross 1 million square feet," Al Mulla said.

"There will be a complex of 100 serviced apartments, a swimming pool, two restaurants, two coffee shops and associated facilities.

"We have awarded Phase I and II works involving grading and piling works to China Railway's 18th Bureau Group at a total cost of Dh53.75 million."

Of the total investment, construction is expected to take Dh600 million, and the rest will be invested in land.

The main package involving civil works is widely expected to be awarded to the same company, part of the China Railway Group which has 25 branches in the field of engineering and construction.

Al Hatmi Consultants are advising EDIC. Primary construction is expected to be awarded in two weeks with a completion time of 30 months.

EDIC is also working on to develop Royal Mall, a Dh50 million project that will have a build-up area of 122,000 square feet.

i wonder where exactly this will be
another district to get towers

added to emporis

mhm let's wait with opening a thread in the towers section though.
could be an interesting project.

This project will be located right next to Zabeel Mall, which is behind Al Wasl Club and Al Wasl Hospital.... it is sort of in the area of Wafi City and Al Jaddaf. Its in this general area.

Good new location for development.

yeah, lots of space in this area
with festibal city, the grand hyatt and this one there will soon be quite a few higher buildings

Where is al-wasl?

i heard it was the original name for dubai?

anyhow.. it always used to refer to the area by defence roundabout, by the prison. in fact im pretty sure the Emarat petrol statio there is still called al-wasl.

the old housing blocks behind mazaya also have a lot of mention of 'al wasl'


and then there is al wasl hospital, and al wasl sports club.

completly different ends of town. [ok, they are near, but not that near]

Where is al-wasl?

i heard it was the original name for dubai?

anyhow.. it always used to refer to the area by defence roundabout, by the prison. in fact im pretty sure the Emarat petrol statio there is still called al-wasl.

the old housing blocks behind mazaya also have a lot of mention of 'al wasl'


and then there is al wasl hospital, and al wasl sports club.

completly different ends of town. [ok, they are near, but not that near]

Al Wasl hospital, The Dubai Police Stadium and Zabeel Mall are all in the same vicinity as the Al Wasl City project.

plot map:

http://i1.tinypic.com/s24owl.jpg

plot size
450ftx900ft

R

i assume the other 2 towers are just cut off at the bottom?

the other two could be the 10F and 5 F building as well..
anyway 6/8 30F towers for al wasl. not bad. never expected that.

i hope their design will fit in the area.

i assume the other 2 towers are just cut off at the bottom?


erm no...thats the whole plot map...

R

from their website:
Eye of dubai investments co (EDIC), a dubai based developer, is investing Dh 2.1 billion in Al Wasl City, an eight-tower residential and hotel cluster that will be put to tender with in months to be built on a 600,000 square foot plot of land in the Al Wasl area, the project will have a built-up area of 3.8 million square feet and comprise eight 32 floor towers containing apartments, serviced apartments and a five-star hotel to be operated by a prominent chain.

go here for bigger version of the pot map
http://www.zabeelmall.ae/al_wasl_city.htm

R

so, zabeel mall and al wasl city somehow belong together?

this map clearly only shows 6 towers!

have any of us thought that the masterplan mite be out dated?

R

Where is al-wasl?

i heard it was the original name for dubai?

anyhow.. it always used to refer to the area by defence roundabout, by the prison. in fact im pretty sure the Emarat petrol statio there is still called al-wasl.

the old housing blocks behind mazaya also have a lot of mention of 'al wasl'


and then there is al wasl hospital, and al wasl sports club.

completly different ends of town. [ok, they are near, but not that near]
Officially now, Al Wasl is the area between the defence roundabout and Safa Park, the area where our house is in.

It used to be called Safa until they changed it to this stupid name.

Emarat Petrol Station is called Lam Tara and not Al Wasl.

Naming is always inaccurate, like Safa clinic which is actually in Jumeirah 3.

safa is the other side of the park.
IMHO al wasl is the best name for this area!

hey, the football club might even move to you some day! :D

is there a rendering 4 this?

i think they must use the numbers on offical municepality maps when they give locations. i looked at the map just now and the name ALWASL is number 343 its not near wasl hospital

It used to be called Safa until they changed it to this stupid name.


mind your tongue :sleepy:

When will the towers start??

Naming is always inaccurate, like Safa clinic which is actually in Jumeirah 3.
Jumeirah Beach Hotel and Madinat Jumeirah which are mroe in Al Sufouh and Umm Suqeim rather than Jumeirah, or even worse: Jumeirah Emirates Towers although it's in SZR :lol:

Branding people!

The Jumeirah name is endlessly abused in Dubai.

Jumeirah Beach Hotel and Madinat Jumeirah which are mroe in Al Sufouh and Umm Suqeim rather than Jumeirah, or even worse: Jumeirah Emirates Towers although it's in SZR :lol:

Branding people!

JUMEIRAH is the name of the Hospitality Company. Do you think that they really belive the part of central London or near the Central Park in NYC are in Jumeirah aerea, since there are also Jumeirah Hotels located?

JUMEIRAH is the name of the Hospitality Company. Do you think that they really belive the part of central London or near the Central Park in NYC are in Jumeirah aerea, since there are also Jumeirah Hotels located?

I know that, Jumeirah owns and runs the university I study at... I find it rather stupid to call a hotel in Shanghai or Doha 'Jumeirah'

I know that, Jumeirah owns and runs the university I study at... I find it rather stupid to call a hotel in Shanghai or Doha 'Jumeirah'

We've got Ontario Tower, Manchester Tower and many others with similar names of different cities or areas in cities.

Turkey and Doha have "Dubai Towers"... so why not have hotels with the Jumeirah name. And it's now the name of a company.

Why do so many countries have Kentucky Fried Chicken?

We've got Ontario Tower, Manchester Tower and many others with similar names of different cities or areas in cities.

Turkey and Doha have "Dubai Towers"... so why not have hotels with the Jumeirah name. And it's now the name of a company.

Why do so many countries have Kentucky Fried Chicken?

Fair enough! Proved me wrong sir

have plans changed or is this just the central buildings?

http://i10.tinypic.com/33wqz9k.jpg

http://i14.tinypic.com/34zd6dj.jpg

http://i14.tinypic.com/2u8xert.jpg

http://i10.tinypic.com/2yybgj9.jpg

R

thats it !!any updates?!??!?! :D

What happened with the project?

Anybody knows?

Oh well, it was ugly anyways.

have plans changed or is this just the central buildings?

http://i10.tinypic.com/33wqz9k.jpg
R

The new design.

Middle East Foundation has already started the shoring work on the site. Project board is up as well. :cheers:

passed by this last week! you could say that ground work is done! but I think the render has changed...I think...I will try and go back and have a look...

R

i passed by this on friday...its the zabeel corporate park..groundwork still going on...not sure if it is different from wasl city...

http://i29.tinypic.com/25tgg34.jpg

http://i26.tinypic.com/10ygeo1.jpg

http://i31.tinypic.com/2cq1tgw.jpg

and here's the website:
http://i29.tinypic.com/2115s9v.jpg

http://www.rasis.ae/home/current_projects/zabeel_corporate_park.stml

Zabeel Corporate Park

Rasis Time Developers, a joint venture between Rasis Developers and Time Machine Group, is developing a new business hub on a 440,000 square foot in Al Jaddaf, central Dubai.

Only 10 minutes from Dubai International Airport, Zabeel Corporate Park is superbly situated between Shaikh Zayed Road, the new Business Bay Bridge and Dubai Creek Culture Village. The new "Green" Metro line is only minutes away. The 2.21 million square foot, Gross Floor Area results in a "mixed use" development offering international quality occupancy standards and business environment.


Zabeel Corporate Park has five separate office towers and a combined 5 star hotel with serviced apartments tower being built to Rasis high quality standards. Using the British Council for Offices Guide 2005 - "Best practice in the specification for offices", and LEED’s certification will ensure that commercial tenants quality space requirements are measurable. There are 4 basements for parking, two levels of podium and a level of Boutique offices. In total there is:

· Approx 1,200,000 square feet Net Internal Area of tower office space – designed largely
in accordance with the British Council for offices Guidelines
· Office floor plates ranging from approx. 18,000 to 27,000 square feet NIA
· 64,000 square feet Net Internal Area of Boutique offices
· A 325 room corporate style hotel managed by a leading hotel operator, and
· 100 luxury serviced apartments managed by the hotel operator
· 255,000 square feet of retail space over two levels with its own parking
· More than 4,300 car parking spaces in the complex

Target completion – 4th quarter 2010

R

I wonder what is happening here...

http://i51.tinypic.com/2ur9ksp.jpg

Photos taken by 234sale (http://www.skyscrapercity.com/member.php?u=72175). :)

R

^^I think I drove past this once and it looked like an apartment block complex on the project board - it was one of the plots sold as part of the Bonyan Eye project, I think.....

close up...

http://i53.tinypic.com/2iqc27q.jpg

credit to Dubaiiscool
http://www.gigapan.org/gigapans/69403/

R

I thought there in Dubai never hapenned the same things that here in Argentina , but i can see in everywhere is the same history always

I thought there in Dubai never hapenned the same things that here in Argentina , but i can see in everywhere is the same history always

Order think words are I your wrong the in.

haha , allá pasa lo mismo , construyen a mil , pero con las mismos errores