Construction

Dubai ruler approves $1.6bn ‘Bluewaters’ project

Project will be home to the world’s largest Ferris Wheel

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved the ‘Bluewaters’ project, a mixed use development by Meraas Holding, it was announced on Wednesday.

The destination will be located off the Jumeirah Beach Residence coastline and is touted to be one of the largest tourist hot spots in the world. It will cost $1.6bn to build.

‘Bluewaters’ will also feature demarcated retail, residential, hospitality and entertainment zones. Market studies forecast that the project will draw more than three million visitors annually.

Meraas has also unveiled plans for the $273mn ‘Dubai Eye’, a ferris wheel that will feature as a major component of the ‘Bluewaters’ Island development.

The world’s largest Ferris wheel will prove a must-visit experience for visitors and residents in the UAE and articulates Dubai’s long-term vision to be a key tourism hub in the world, said the chairman of the real estate development firm.

Abdullah Al Habbai, Chairman, Meraas Holding, said: “We have a clear mission and vision to strengthen Dubai’s global position in the tourism sector. This project will continue to build on the emirate’s reputation as leaders in the global entertainment and retail landscape.”

‘Bluewaters’ construction is set to commence in April, 2013. Construction for ‘Dubai Eye’ is scheduled for the second quarter of 2013.

Hyundai Contracting and Starneth Engineering have been appointed as primary contractors for the design and construction of ‘Dubai Eye’.

Al Habbai further added: “We would like to extend our gratitude to the RTA, DEWA, Dubai Municipality and the Civil Aviation authorities for their continuous support and resources for the design and preparation phases of ‘Bluewaters’ until the conclusion of the entire project.”

Connected to the mainland with a direct roadway from the Sheikh Zayed Road, the destination will deploy a mono rail system that will transport visitors to the entertainment zone from the metro station. Alternatively, a pedestrian bridge will link the island to the JBR beachfront, while a cable car will ferry visitors to the entertainment piazza.

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