A Magic Carpet Ride?

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From Sacramento to Dubai A Magic Carpet Ride? 2006 Railvolution Conference Taiwo Jaiyeoba, Sacramento Regional Transit 1

Fast Facts Sacramento Population: 1.4 million Land Area: 966 Square miles 97 bus routes & 37 miles of light rail covering 418 square miles area 76 light rail vehicles, 256 buses, 17 shuttles, 43 stations 30 million passengers in FY2005 43,600 daily LRT ridership & 67,000 daily bus ridership (weekday) 6 current TOD proposals and 7 TOD opportunity sites Dubai One of 7 Emirates that make up the United Arab Emirates (UAE) Population: 1.4 million Land Area: 1,000 square miles 62 bus routes and 516 bus fleet 240,000 passengers daily Dubai LRT (Metro): 43.4 miles & 43 stations Implementation: 2009 100 trains and 55 stations TOD activities in planning phase 2

Team of Experts Henry Williamson Jones Lang LaSalle. National Director, Asia Capital Markets Rajiv Batra PB Senior Supervising Urban Designer 3

Dubai Metro Cities Transit Oriented Development for the 21 st Century and Beyond Dubai Roads and Transport Authority RTA Henry Williamson Rajiv Batra RailVolution Nov. 2006

Overview Client Project Scope Dubai Principles Process Strategies TOD Concepts Conclusions 5

Dubai Roads and Transport Authority Fundamental Transformation Dubai Vision + Metro connects important places End to end solution Branding TOD is Key Max. real estate value Max. rail / transit ridership Cash The Value Connection 6

Metro Red Line 2009 Green Line 2010 Purple Line 7

Scope Findings tical Success Factors Role of RTA Jebel Ali Border Jebel Ali Jebel Ali Village ivestment Strategy ter Plans of Key Sites Jumeirah Island Al Kif Af Union Square Al Ras/ Al Shingdagha 8

Dubai scenes. 9

.and Dubai issues 10

Principles 11

Approach 12

Strategies Plot boundary 13

Issues Alignment Station Seamless Travel: TOD to station Intra TOD More GFA Type 1; 150 m Type 1; 70 m Lakes of the Royals Solar City 14

RTA Role Specialist RTA Development Corporation: manage Divestment and Joint Development Program Financial Return & Risk Exposure Vendor Master Developer Joint Venture Developer Sale of whole sites Sale of Super Lots / Precincts Sale of parcelled and serviced land RTA to play role of developer 15

Strategies 90% of value is held in 6 sites 60% of value is held in 2 sites Must get these RIGHT 16

Critical Success Factors Gain early momentum, sustain 99 year lease structures Basis of RTA Proceeds Global investment interest Improved quality of development TOD Improves financing Clear rules, guidelines Branding and Image String of Pearls Market Leadership Connectivity Live Destination Business 18-24 hour lifestyle Living Shopping Mobility 17

TOD Portfolio 16 Sites Site No. Site Name Site Area Total GFA ( FAR 1 Al Rashidiya (West) 16,040 22,360 1.4 3 Al Twar First 6,095 27,435 4.5 4 Hor Al Anz 14,198 56,490 4.0 5 Union Square 44,001 192,156 4.4 6 Al Ras 17,671 110,370 6.2 8 Al Kif Af 131,567 873,620 6.6 13 Jumeirah Islands 310,792 1,293,673 4.2 14 Jebel Ali Ind 1,012,630 1,737,835 1.7 16 Port Saeed (U) 2,345 19,610 8.4 19 Jebel Ali Village 1,844,130 3,455,345 1.9 20 Jebel Ali Border 928,372 966,459 1.0 22 Jebel Ali 2,006,903 5,518,159 2.7 24 Corniche 62,911 349,962 5.6 25 Al Jadaf 39,349 286,239 7.3 26 Al Shindagha 30,614 134,526 4.4 27 Al Rashidiya (East) 32,320 85,634 2.6 Portfolio 6,499,937 sqm 1,600 acres 15,129,872 sqm 166,000,000sf 2.33 avg. 18

TOD Uses Distribution of Uses in Portfolio Hotels 2% Retail 6% Other 1% Office 29% Residential 62% 19

Next Steps- RTA Vendor and sale of smaller single phase sites Master Developer of major sites Infrastructure provision and funding Land release & phasing strategy Define development & planning controls Tender assessment and evaluation Ongoing Estate Management Manage Development Agreements Public Relations & Communications 19

Land Use Plans Single Phase Sites 20

Transportation Plans 21

Key Master Plans Jebel Ali Village Jumerirah Island Al Kifaf Al Ras/ Al Shingdagha Jebel Ali Border Jebel Ali Union Square 22

Union Square Heart of the system Interchange Station Iconic Urban Room Vibrancy and Vitality Sense of arrival 23

Union Square Capture & Spread Value Knock out panels Major retail concourse Asian examples Channel Pedestrians Move Parking Off-site Development Oriented Transit 24

Union Square Site Acquisition to alleviate parking and improve connectivity Future DM building 25

Al Ras & Al Shindaga 26

Al Ras / Al Shindaga Heritage-Dubai s roots Old meets new Tourist catchment Creek views Synergy M Ordinary to Extraordinary 27

Al Ras Development Content Major tourist destination Tourist related retail Major transit location with inter-modal facilities Opportunity to bridge creek Iconic pedestrian bridge HOTEL 18,000 sqm 16.31% 300 rooms OFFICE 6,025 sqm 4.48% RETAIL 11,740 sqm 10.64% Al Shindagha RETAIL 15,602 sqm 11.60% OTHERS 14,640 sqm 10.88% RESIDENTIAL 80,630 sqm 73.05% 571 units Total GFA :110,370 sqm RESIDENTIAL 98,259 sqm 73.04% Total GFA:134,526 sqm 28

Masterplans Al Shindaga Respect to the historic / heritage area Pedestrian path with creek views International Bus terminal - below grade Surrounding area Very congested Carrefour Generally viewed as lower end Development can bring some value uplift to the area 29

Master Plans - Al Ras Re-location of the road Requires coordination with DM In accordance with DM scheme 30

Master Plans - Al Ras M 31

Al Kifaf 32

Al Kif Af Gateway to Sheikh Zayed Road Optimal mix-use plan and theme Very intensive development Exploit station interface -maximize linkage w/ development HOTEL 75,838 sqm 8.68% 1,264 rooms RETAIL 80,101sqm 9.17% RESIDENTIAL 229,424 sqm 26.26% 1,806 units OFFICE 488,257 sqm 55.89% Total GFA: 873,620 sqm 33

Al Kifaf Land Use Plans Acquire petrol station area 28 m service corridor requirement Two 50 storey towers 1000 park and ride Transportation Great accessibility from Sheikh Khalifa Bin Zayed Plan for primary artery to turn into the site Roundabout to disperse the traffic 34

Al Kifaf Activity 24-hour living Live, Work, Play Air-conditioned walkways Corporate Address Convenience Public Space Building connectivity Open piazza - main meeting place 35

Al Kifaf M 36

Jumeirah Islands 37

Jumeirah Islands Station design /access issues Linkage across DEWA corridor and access road diminishes TOD opportunity Proposed building on airspace over DEWA corridor to create elevated station plaza Freestanding Park and Ride Facility OFFICE 433,967 sqm 33.55% HOTEL 48,019 sqm 3.71% 800 rooms RETAIL 24,849 sqm 1.92% RESIDENTIAL 786,838 sqm 60.82% 6,238 units To be provided by developer Opportunity for entertainment uses on top (shared parking as predominantly evening use) Total GFA: 1,293,673 sqm 38

Jumeirah Islands 39

Jumeirah Islands 40

Jebel Ali Village Solar City 41

Jebel Ali Village 42

Solar City 43

Solar City 44

Solar City Impact of East-West road Clarification of costs of lowering road into cutting Finalisation of route Station access issues Height of concourse Need to access/egress station at ground Crossing DEWA corridor, access road to get to/from site reduced TOD potential Assumed that a traffic free covered public plaza can be created over DEWA corridor to provide station connection OFFICE 1,287,449 sqm 37.26% HOTEL 46,648 sqm 1.35% RETAIL 112,884 sqm 3.27% 777 rooms OTHERS 37,701 sqm 1.09% RESIDENTIAL 1,970,663 sqm 57.03% 13,609 units Total GFA: 3,455,345 sqm 45

Al Rashidiya-2 46

Hor Al Anz 47

Jebel Ali Industrial 48

Jebel Ali Industrial 49

Jebel Ali The Crossroads 50

51 Dubai Metro Cities Transit Oriented Development for the 21st Century and Beyond

Conclusions TOD plans accommodate over 166M sq ft GFA Existing planning controls (zoning) suitable for most sites Some sites need zoning amendments Existing planning rules (design standards) car focused For TOD - bend rules and respect community Sites should be viewed as a network Quick wins and longer term value enhancement strategies RTA and Dubai Municipality interface / communication vital Value creation through brand and TOD synergies 52

Discussion Moderator: Taiwo Jaiyeoba