Making metro stations part of realty sector

The Union Oasis project aims to encourage people to use the Metro more oftenImage Credit: Supplied

The Dubai Metro is obviously driving up property values. Moving a step further, the Roads and Transport Authority (RTA) has announced a bidding process for its Union Oasis project.

The project was launched in 2013 and is taking shape now. In fact, it had been deliberated prior to the opening of the Metro in 2009. Studies were commissioned for it, but any plans to execute them were postponed due to the global economic slowdown.

The vision of building a square above the Union Metro Station is to have beautiful surroundings which would comprise residential and office units, retail shops, essential utilities, exquisite landscapes and pedestrian-friendly roads.

This transformation would encourage people to use the Metro more often and promote old Dubai as well.

The project would be a transit-oriented development (TOD). RTA has studied international TOD communities and planned the project accordingly to complement the emirate’s needs. History proves that TODs help raise the utilisation of public transport as they create communities that enclose the means of public transit.

Two mixed-use towers would be built above the Union Metro Station on an area spanning 15,000 square metres. However, the height of the towers would be determined by developers. Since the area is close to the Dubai International Airport, the height may not go beyond 20 or 30 storeys.

The project would be a partnership between RTA and a private developer. The association would create a blend of operational expertise and commercial acumen, which would help identify the main developmental features of the project.

Handy Hints:

* Dubai’s RTA moves forward with its Union Oasis project in Deira

* Two mixed-use towers will be built above Union Metro Station

* The project will also encompass retail outlets and office units

Source: Arva Shikari, Special to Properties

The writer is a freelancer


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