Mohammed Bin Rashid City

History

In November 2012, the Ruler of Dubai, Mohammed bin Rashid Al Maktoum, announced the establishment of what he termed a new "city" within Dubai. The complex was to contain four components:

• Family tourism, including a park established in collaboration with Universal Studios, with an annual capacity of 35 million visitors and more than 100 hotel facilities, the largest family leisure and entertainment complex in the Middle East, Africa, and Indian subcontinent;
• Retail, featuring the largest mall in the world, the Mall of the World, with 750,000 m2. of air-conditioned space;
• Arts, including the largest area for art galleries in the MENA region; and
• Entrepreneurship and innovation.

The drawings showed the allocated land for the development to be bordered by Emirates Road, Al Khail Road and Sheikh Zayed Road. The complex would also include Mohammad bin Rashid Gardens and the Downtown Dubai, Burj Khalifa, and Business Bay developments.

In 2013, Meydan and Sobha began development of District One, a low-density luxury residential estate within MBR City, as the first phase of development. Crystal Lagoons also began construction of a 40-hectare lagoon, the world's largest man-made lagoon.

In 2016, it was announced that the Mall of the World would be relocated away from the city to the Al Suhouf district of Dubai, opposite the Mall of the Emirates.

In 2019, a 7-bedroom villa in District One was sold for AED 90 million (US$24.5 million), making it the most expensive real estate property sold in Dubai.

References

References

1. (November 29, 2012). "MBR City will boost Dubai's tourism". [[Khaleej Times]].
2. "Mohammed Bin Rashid City (MBR City)". [[Bayut]].
3. (November 26, 2012). "Dubai's Mohammed Bin Rashid City: Collaboration with Universal Studios, over 100 hotel facilities; Will also boast largest mall in the world and park bigger than London's Hyde Park". Emirates 24/7.
4. (10 July 2014). "World's first climate-controlled city unveiled for Dubai".
5. Kane, Frank. (2 May 2013). "1,500 villas plus 7km of lagoons and beaches: Dh21bn stage one of Dubai's Mohammed Bin Rashid City". [[The National (Abu Dhabi).
6. Issa, Wafa. (2 October 2013). "Dubai builds world's largest man-made lagoon". The National.
7. "Mall of the World".
8. (5 February 2020). "Residential deals: Where were the most expensive properties sold in Dubai in 2019?".