AED 30 Million Contract of Al Badia Business Park, Dubai Festival City
Building 1 Of 5 Construction Begins with Expected Completion of Late Summer 2011
Dubai: Al-Futtaim Group Real Estate (AFGRE), the real estate development and operations arm of Al-Futtaim group, announced it has awarded Khansaheb Civil Engineering in Dubai a 30 million Dirhams contract to commence construction of Al Badia Business Park at the south east section of Dubai Festival City.
The construction contract is for the first of five office buildings and will comprise of 2 basements, ground floor plus 4 additional floors, along with associated services serving the 22,000 sq. m. building. The agreement also includes the infrastructure works within the plot boundary consisting of Mechanical Engineering Plumbing (MEP), including landscaping and access roads.
Emad Nimeh, Development Director - Residential & Commercial at Al Futtaim Group Real Estate (AFGRE) said: "We're delighted to commence the construction of Al Badia Business Park, a much anticipated commercial offices project at Dubai Festival City, the mega mixed-used development. Al Badia Business Park will offer an exceptional commercial environment with easy road access, amble parking, excellent infrastructure as well as a wide range of world class leisure and shopping facilities. The appointment of Khansaheb Civil Engineering emphasises our focus on working with the leading local companies that will provide the highest standards".
The project has already begun and the first building completion date expected of late summer 2011. It is located near Deira International School and its design comprises a low rise office complex with parking lots. As a part of Dubai Festival City community, Al Badia Business Campus benefits from its strategic location which is easily accessible through Nad Al Hammar, Al Rebat Road, Business Bay Crossing, Garhoud Bridge and 2km from Dubai International Airport. In addition to the projects proximity to the three residential districts and Festival Centre within Dubai Festival City, the Campus is linked by an existing 30 kilometre internal network of roads and parks where transportation shuttles are in operation.
In 1935 Khansaheb became the first contractor to work in, what was then, the Trucial States. Since then Khansaheb has grown along with the UAE to be today, one of the leading contractors in the region.
Dubai Festival City has been designed to suit the varied lifestyles of both families and working professionals, where all can enjoy a range of interconnected first class services and activities including the finest residential, shopping, dining, leisure & entertainment, international hotels, schools, golf course, automotive park and offices along the Dubai Creek. Dubai Festival City combines safe living, working and five star services to create an integrated community retreat like no other.
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About Al-Futtaim Group Real Estate
Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects, and the leasing and operation of these projects after completion. In addition, AFGRE develops and operates an extensive multimillion dollar portfolio of individual corporate real estate and investment assets across the MENA region. The two current flagship mixed-use urban communities under the Festival City brand are Dubai Festival City, (5.2 million square metres) and Cairo Festival City (3 million square metres).
Designed to capture the ground breaking 21st Century spirit of Dubai, Dubai Festival City was the first fully integrated megaproject to be progressively delivered in the UAE. Encompassing the finest shopping, dining, entertainment, homes, schools, hotels, offices and leisure, Dubai Festival City is formed by three distinct districts and connected by a 30 kilometre internal road network and creek side promenade. Upon completion, 50,000 residents will live in 20,000 villas and apartments and 50,000 office staff will work at Dubai Festival City.
Cairo Festival City (3 million square metres) is the second fully integrated mega project to be progressively delivered. Encompassing the finest shopping, dining, entertainment, homes, hotels, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work for 50,000 office staff.
About Dubai Festival City
Dubai Festival City is an Al-Futtaim Group Real Estate development project which covers 5.2 million sq m and stretches 3 kilometres along the historic Dubai Creek that optimizes the thriving and visionary spirit of Dubai.
Dubai Festival City is an established creek side, mixed use destination and premier waterfront community interconnecting finest residential, shopping, dining, leisure & entertainment, international hotels, schools, golf course, automotive park and offices. It is formed into three distinct districts and connected by a 30 kilometers internal road network and creek side promenade. This existing community offers freehold villas and apartments for sale and lease which combine traditional and contemporary architecture. Upon completion, the community will be home to 50,000 residents living in 20,000 villas and apartments, and ideal place to work for 50,000 office staff.
Dubai Festival City has recently won 3 top recognitions at The Arabian Property Awards 2010, in the categories of Best Mixed Use Development for Dubai Festival City, Best Residential Development for Al Badia Hillside Village, Dubai Festival City and Best Retail Development for Festival Centre, Dubai Festival City.
For more information, please contact:
Diala Ballout
PR Manager / Dubai Festival City
Al-Futtaim Group
Mob: +971 50 280 0649
Email: diala.ballout@gmail.com
© Press Release 2010
