Dubai's Roads and Transport Authority (RTA) has issued guidelines detailing all information about the Union Oasis mixed-use PPP project, which is expected to be tendered in May 2015.
Abdullah Yousef Al Ali, CEO of RTA's Rail Agency, stated:
"The main objective of issuing this guideline is to highlight all particulars and commercial ends of the Union Oasis project, including a Letter of Intent to participate in the auction."
"The Union Oasis Project would be implemented on the basis of PPP between the RTA and a private developer selected in a competitive bidding process to be rolled out this May. The private sector will be able to marry its extensive development & operational expertise with the commercial acumen to identify the concept and key developmental aspects of the project,"
According to Abdullah Yousef Al Ali, 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.
The project will involves, 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.
This project focuses on developing the Union Square by providing residential units, offices, pedestrian-friendly streets, landscapes, vital utilities and retail outlets among others.