Meydan Sobha was established as a limited liability company – a 50% free zone company between Meydan and Sobha for the joint venture. Its responsibilities are to develop parks, waterways, forests and open spaces covering 2.4 million square meters (600 hectares) Mohammed Bin Rashid City (MBR).
In March 2013, Meydan Group announced the launch of the District One project with Sobha Group, which will be implemented on an area of 4 million square meters (more than 1,000 hectares) of land classified as freehold to make it an exclusive destination filled with various polarization sites and surrounded by spacious residential neighborhoods in the city of Mohammed bin Rashid.
The new residential neighborhood will be distinguished by a network of 35 acres of magnificent lakes and water bodies that will be built as part of the master plan, which is characterized by an open green space of more than 65 percent of the houses and facilities built, which characterizes the project as the least densely populated in the world. In the Dubai real estate market. Added to this integrated landscape is a range of high-end commercial outlets for the convenience of residents in the neighbourhood as well as sports and leisure facilities that also serve horse enthusiasts located close to the project.
