Dubai developer plans £2.5billion new town in east London: 5,000 homes and public park could be built opposite the O2 on banks of River Thames

A Dubai-based property developer founded by Middle Eastern royalty has unveiled the first phase of its plans for a £2.5billion regeneration of east London.

Arada is proposing a 1,500-home development called ‘Thameside West’ in the once-neglected Royal Docks area, as part of a wider project to build 5,000 properties.

The first phase of the landmark scheme facing The O2 in North Greenwich across the River Thames will involve the construction of six buildings and a public park.

Arada was co-founded by Saudi Arabia‘s Prince Khaled bin Alwaleed bin Talal and Sheikh Sultan bin Ahmed al-Qasimi of Sharjah, a city in the United Arab

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