September 25, 2014
Dubai unveils plans for sustainable ‘Perfect City’ real estate hub
Undeterred by the seriously stuttering start to existence of Masdar City in Abu Dhabi, the government of Dubai (but of course) has announced plans for what it claims will be the first specialised sustainable city in the world. The plans for the characteristically modestly named ‘Perfect City’ were unveiled this week at the Cityscape 2014 trade show in Dubai and form one of the centrepiece projects of a seven year programme of development masterminded by Dubai Land Development (DLD). Work begins on the project begins next year and is expected to complete in 2021. As with Dubai Media City and Dubai Internet City the idea is to create a sustainable hub for a particular industry, in this case real estate. The plans include a canal, 20,000 trees and the provision that 75 percent of the City will be made up of green space.
In addition to DLD itself, other mooted tenants include a Real Estate Court, Real Estate University, Real Estate Museum, sustainability centre, Emirates Real Estate Solutions and the Real Estate World Centre.
“We decided to surprise visitors to this year’s Cityscape with this unique initiative that showcases a quantum leap forward in the concept of sustainable real estate developments,” said Sultan Butti bin Mejren, Director-General, DLD. “Our efforts derive inspiration from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. His leadership and ability to set out a path for the future motivates us to produce new projects that set the pace for Dubai’s continued evolution as the world’s foremost innovative property sector,” he added.