Dubai’s transport authority is set to start the tendering process for contracts on the Union Oasis, Dubai’s first Transit-Oriented Development concept project.
The Roads and Transport Authority (RTA) said it is inviting developers and investors from the private sector to complete the prequalification requirements this month.
Work is currently underway in revising the project manual along with the bidding conditions for selecting the best partners for the public private partnership, the RTA said in a statement.
Union Oasis, which was formerly a public park, will offer mixed development that will include recreational facilities and green areas, residential apartments, commercial spaces as well as retail outlets.
“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 15,000 square metres,” said Abdullah Yousef Al Ali, CEO of RTA Rail Agency.
The facility will have direct access to the metro station served by both red and green lines, while the Union bus terminal is just 200 metres away.
Ali added: “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 agreement will be valid for 30 years in addition to 3 years as a grace period for completing construction works along with other facilities.”