AVENEW and KORA Launch $1.63bn O1NE District in Dubai

DUBAI, UAE – AVENEW Development and KORA Properties have officially launched O1NE District, a US$1.63 billion (AED6 billion) mixed-use destination in Motor City, marking the first major milestone following the strategic joint venture announced by the two companies earlier this year.

The launch introduces a new business, retail and lifestyle destination in one of Dubai's established communities and reflects the partners' shared vision of creating an integrated mixed-use environment.

Positioned adjacent to Dubai Autodrome, O1NE District will comprise six commercial towers, an integrated retail destination, healthcare facilities and landscaped public spaces, with direct access to Downtown Dubai, Palm Jumeirah, and the future Al Maktoum International Airport.

DAWN marks first phase

The launch also marks the sales release of DAWN, the first Grade A office tower within the wider masterplan.

Designed to accommodate businesses of all sizes, DAWN offers flexible office floorplates, generous floor-to-floor heights and direct air-conditioned connectivity to the district's retail destination. The building will feature a concierge-serviced super lobby, landscaped podium terraces, outdoor workspaces, sky gardens and rooftop dining venues.

The office spaces have also been designed to maximise natural daylight, creating flexible workplaces suited to evolving business requirements.

Complementing the commercial offering, the retail destination will include restaurants, cafés and everyday convenience outlets, creating an active environment beyond traditional office hours.

Commenting on the launch, Rasha Hassan, Managing Partner of AVENEW Development, said:

"O1NE District marks the next chapter in our partnership with KORA Properties and our shared vision for Motor City. When we announced our joint venture earlier this year, we set out to create a destination that brings together business, retail and lifestyle within one connected environment. With DAWN, we are taking the first step towards delivering that vision."

Mr. Nilesh Ved, Chairman of APPCORP Holding, Owner of Apparel Group and Founder of KORA Properties, added:

"At KORA Properties, we create destinations that anticipate how people will live, work and connect in the future. Together with AVENEW Development, O1NE District brings business, retail and lifestyle into one integrated ecosystem, anchored by a future shopping mall that will serve as the heart of the community. DAWN marks the first step in delivering a destination built for long term value, innovation and meaningful experiences, reflecting our commitment to quality and purposeful development."

Future phases

The launch of DAWN represents the first phase of the wider O1NE District masterplan.

Future phases will introduce five additional commercial towers, an integrated retail destination and a healthcare facility, progressively creating a connected mixed-use district in the heart of Motor City.