(MENAFN - Khaleej Times) The Meydan Group, the entity behind the world's most spectacular horse-racing complex, stole the show on Tuesday by announcing two major new projects, Hadaeq Shaikh Mohammed bin Rashid and Meydan Tower, at Cityscape Global, the sought-after showcase of the real estate sector.
Hadaeq Shaikh Mohammed bin Rashid, introduced by Meydan, establishes a new community that is set to be the foundation in growing the group's robust development catalogue, spanning a total 5,088,959sqm across the Nad Al Sheba landscape.
"As the strategic vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Meydan has always sought to play an active role in growing Dubai's famed urban landscape. Our projects have been designed to position Dubai at the forefront of innovation and progress and we look forward to furthering this vision with these signature developments," said Saeed H. Al Tayer, CEO of the Meydan Group.
Connected by canals and lagoons, the entire water network will run over 190,000sqm alongside a horse riding trail, walking and jogging paths, bicycle track, and sports facilities offering a wealth of activity and leisure options for residents.
Meydan Tower, set to dominate the Shaikh Zayed Road skyline in Dubai, is the group's first foray outside the iconic sporting, business and lifestyle destination Meydan City. The new property will offer residential, commercial and leisure options in one spectacularly designed tower in the heart of the emirate.
"Cityscape Global is the Middle East's most established influential meeting point for the real estate markets of the globe and is a fundamental platform for attracting investment to the region. We are very proud to announce the expansion of the group's presence beyond Meydan City here," said Al Tayer.
The Sobha Group, which has taken more than 700,000sqm of land from Meydan earlier this year, is showcasing its freehold Sobha City development featuring mixed-use residential and commercial opportunities at Cityscape.
By Issac John