Samsung wins $95bn Jumeira Gardens tower deal

10 October 2008

Three-tower 1-Dubai building is designed by the team behind the Burj Dubai.

South Korea’s Samsung Corporation has been appointed as the main contractor for the 600-metre-plus tower on the AED350bn ($95bn) Jumeira Gardens development in Dubai, planned by the local Meraas Development.

The tower, 1-Dubai, will be one of the tallest in the world. It will comprise three towers with glass and aluminium-mesh cladding, linked by bridges that contain suspended apartments.

Each tower will be at least 600 metres tall, making it higher than the tallest completed building in the world, Taipei 101 in Taiwan, which is 509 metres high.

The 1-Dubai project is at the concept stage and Samsung is providing pre-construction services. The tower was designed by Adrian Smith and Gordon Gill, who also designed the Burj Dubai, which is being built by a joint venture led by Samsung.

The wider Jumeira Gardens development is a mixed-use project, which covers two main areas. One involves the redevelopment of land in the Satwa area of the city, between Sheikh Zayed and Al-Wasl roads, and from Al-Diyafa street to the Creek extension in the Safa Park area.

A canal will run through the heart of the development, which will connect to the Creek extension running through Business Bay and into the Gulf (MEED 6:8:08).

The other element of the project is an offshore component comprising seven islands. Van Oord of the Netherlands is working on the reclamation work for the islands.

The development will include low, medium and high-density areas, with office, residential, retail, leisure and recreational buildings, as well as hotels.

In additional to 1-Dubai, several other major buildings are included in the masterplan - 1 Park Avenue will be a 600,000-square-metre tower, while Park Gate will have six paired towers, each 30 to 40 storeys high, that will straddle the canal.

The first phase of the development covers an area of 820,000 sq m. It will have six main blocks of high-rise, mid-rise and low-rise office, residential and retail buildings, as well as two hotels and a shopping area. It will also include Park Gate.

The construction of the first phase has already begun, and the first buildings are due to be handed over in the fourth quarter of 2011.

Final completion of the first phase is set for the fourth quarter of 2013.

Local company Khansaheb Civil Engineering is working on the enabling works for the Park Gate and 1 Park Avenue buildings. Swissboring, part of Italy’s Trevi Group, is working on the foun-dations.

Jumeira Gardens is Meraas Development’s first project.

The company is also pursuing opportunities in Abu Dhabi, as well as in other Gulf countries and outside the region, although it declined to reveal any details.

The US’s Skidmore, Owings & Merrill designed the masterplan for Jumeira Gardens.

US-based CH2M Hill is the overall programme manager for the project.

Meraas Holding, the parent company of Meraas Development, was launched in Dubai on 28 September. It is led by chairman Abdulla Ahmed al-Habbai.

The group’s other subsidiaries include private equity firm Meraas Capital, Meraas Estate Management, Meraas Malls & Hospitality and Meraas Healthcare & Education.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications