Dubai Safa Park will have man-made lagoons and beaches

16.09.2015
Dubai developers Meydan and Meraas Holding are working on a joint project to create mixed-use complex in Safa Park alongside Dubai Channel.

Two big Dubai developers Meydan and Meraas Holding, who are now engaged in Safa Park redevelopment in Dubai, revealed plans for residential property construction and creation of a unique infrastructure in Crystal Lagoon project there.

This new complex will be located alongside Dubai channel, which is currently under construction and is about to connect Business Bay to Jumeirah coastline. But in addition to the man-made channel Safa Park will also have man-made lagoons with sandy beaches.

“We are building two out of the four Crystal Lagoon Towers [the remaining two towers will be developed by Meraas], which will have its own crystal lagoon and a man-made beach,” Mohammad Al Khayat, vice-president, commercial and free zone, at Meydan Group, was quoted as saying.

“The size of the lagoon and the beach is still being worked out,” he added.

Yet it is already decided that Safa Park will be divided into A and B zones, each of which is a mix of residential and commercial property, but mixed in different proportions. 1,200 new homes are currently planned to be built at Crystal Lagoon, while the other residential community Gate Tower will have 500,000 square feet dedicated to retail in the two towers, connected with a bridge.

“We will build low-rise buildings near to the Al Wasl area, while mid-to-high rise development will dot the area near to the beach on Jumeirah and Sheikh Zayed Road,” Al Khayat said.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management