TECOM Investments, a member of Dubai Holdings, which has developed most of the notable business parks in Dubai such as Internet City, Media City, IMPZ and Studio City is now developing Dubai Design District which is located on Al Khail Road right opposite Business Bay.
The first phase of the project which consists of 10 office buildings is already under-construction at a cost of AED 4 bn according to press-releases by the developer.
Dubai Design District is expected to become a full service commercial hub for design industry related organizations, brands and supporting enterprises.
The masterplan calls for development of office space, retail, residential and hospitality real estate. It will also have a creek side promenade, and a convention center.