The project, currently known as District 49, involves the construction of 40 to 50-storey office and residential towers, hotels, a shopping centre, food and beverage outlets and a theatre.
The total built-up area is about 1.7 million square metres.
District 49 located on the land between the new Etisalat building and Zabeel Park.
The concept architect is UK-based Atkins. The project manager is UK-based EC Harris. The client is Wasl, formerly known as Dubai Real Estate Corporation.