Dubai's Roads and Transport Authority (RTA) intends to launch a request for qualifications (RFQ) for the Union Oasis mixed-use PPP project.
The project will involve, among others, the development of a two mixed-use towers (between 20 and 30 floors high) being constructed above the Union metro station on an area spanning 15,000 m². It focuses on developing the Union Square by providing residential units, offices, pedestrian-friendly streets, landscapes, vital utilities and retail outlets among others.
The preferred bidder will enter into a concession agreement for a period of 30 years in addition to three years as a grace period for completing construction works.
Abdullah Yousef Al Ali, CEO of RTA's Rail Agency, stated:
"The Project Manual, which had been released to investors and developers last March, is currently being revised. This Guide contains comprehensive information about the Union Oasis project which comprises the construction of towers above the Union Square Metro Station spanning an area of about 15 thousand square meters."
"The RTA is availing investors the opportunity of drawing up alternative architectural designs compatible with the approved architectural vision of the project including its phased construction."
The Union Oasis mixed-use PPP project is the first manifestation of Transit-Oriented Development (TOD) concept in the region; which promises to be a prominent destination for residents and visitors of Dubai. TODs helps to increase the use of public transport by developing communities surrounding the mass transit modes.