The RTA has taken a step forward on the ‘Union Oasis Project’ in Dubai, by issuing pre-qualifying documents to companies interested in developing the five mixed-use towers above the Union Square metro station, a report said.
This initiative kick-starts the first scheme of the project, to be completed under the new public-private partnership regime, which will take effect on 19th November.
As per the project, the towers will be built on a site above one of the busiest metro station in Dubai. The station was used by more than nine million passengers last year, and is one of the main interchanges for the Green and Red Lines.
The towers span an area of 14,662sm of total plot size of 37,885sqm, and are likely to include a mix of office, commercial, retail, residential and hospitality space, the report said.
These will be linked at podium level and will comprise four basement levels, a ground and mezzanine level, and about 20 storeys above ground, it said.
The public-private partnership being adopted for Union Oasis is likely to be the first in a series of projects that will tap private sources of finance for infrastructure improvement.
The deadline for project registration is 3rd December. Thereafter, the RTA will issue tenders with a bidding deadline for next April and the winner will be chosen the following month.
