Meydan City Corporation has announced plans to develop a 3.67 million m² leisure, residential and hospitality destination in Dubai featuring the world's tallest residential tower.
To be named Meydan One, the development will include the 711m-tall Dubai One residential tower and house more than 78,300 residents, reported official Emirates news agency WAM.
Dubai One will feature 885 residential apartments, a five-star hotel with 350 rooms, a conference centre, a 360deg observation deck at 655m-high, a sky restaurant at 675m-high, and a plaza view restaurant and terrace.
Once constructed, Meydan One will offer the largest indoor ski resort in the world, with a 1.2km slope.
Meydan chairman Saeed Humaid Al Tayer said: "In a city which never stops innovating, today's announcement is significant for the future of Dubai and the UAE.
"We have committed to developing a multi-use destination, which goes beyond expectations and will cater to every kind of person living and working here, as well as those who travel from around the world to visit.
"This development is a forward-thinking, interactive enterprise geared towards the Dubai of tomorrow.
The first phase will be completed as Dubai prepares to host the World Expo 2020."
Meydan One Mall will have a gross floor area of five million m² containing a 25,000m² indoor, multi-purpose, sport facility, more than 5.3km of bicycle and jogging trails, a 9km boardwalk, a civic plaza that can host upto 60,000 people with a dancing fountain reaching 420m-high, a 300m-long beach, and a heritage village.
The indoor sports facility will accommodate sports ranging from tennis, football, basketball, volleyball, squash, indoor cricket, mixed martial arts and softball, as well as a baseball batting cage, lacrosse, golf and hockey.
The development will also feature a 4km canal and a 100-berth marina, and the complex will have a 150m by 80m retractable roof to be opened in the winter months.
It will house more than 300 restaurants, cafes and kiosks offering fine dining and fast-food options in the UAE city, along with stores for flagship retailers, luxury standalone outlets and nightlife.