Dubai: Al Futtaim Carillion has bagged the main construction contract for the Phase 2 construction on the Dubai Trade Centre District. The mixed-use development comprises 535,000 square metres of gross floor area located between the current Dubai International Convention and Exhibition Centre and Jumeriah Emirates Towers, the company said in a statement.
The second phase comprises two Grade A office properties of eight- and 12-storeys, designed by the Hopkins Architects and WSP respectively, with a total gross floor area of 94,000 square metres. The contract, worth Dh721 million, is scheduled for completion in Q3-2017.
Al Futtaim Carillion is nearing completion of the first phase of the DTCD development, which features an eight-storey office building and a 588-room business hotel to be operated by the Accor Group under Ibis brand.
The new award takes the overall value of Al Futtaim Carillion’s work at the DTCD development to around Dh1.2 billion.
“The addition of international standard Grade A office properties in the heart of Dubai’s highly sought after business and commercial corridor, allows us to provide high quality, flexible spaces, delivering a market driven commercial offering in Dubai’s central business district,” Gurjit Singh, Senior Vice-President — Real Estate, Dubai World Trade Centre, said in a statement.
The three new office properties will provide a net leasable area of approximately 84,000 square metres, plus approximately 6,400 square metres of net leasable multi format retail space.
“Coupled with the location’s newly established Free Zone status under the Dubai World Trade Centre Authority, we are well placed to deliver a business-conducive and professionally managed destination,” Singh said.
