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Real Estate

The Emirates Towers Business Park ... construction to commence by the year-end.

Building up business

01 August 2017

The Emirates Towers Business Park will be an integrated district that meets the demands of modern-day businessmen.

Dubai Holding has launched the Emirates Towers Business Park to be developed at a cost of Dh5 billion ($1.36 billion) on an area between Sheikh Zayed Road and Happiness Street in Dubai.

The integrated business district will be built in close proximity to Dubai International Financial Centre (DIFC), the leading financial hub for the Middle East and Africa (MEA) and South Asia region.

Emirates Towers Business Park will boast a suite of office space, hospitality, commercial amenities and purpose-built infrastructure to support the growth of businesses. Construction will commence by the end of 2017 with completion aimed within four years.

Masterplanned by Dubai Holding, the development was launched last month by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The emirate’s strategic location and advanced infrastructure presents the ideal choice for companies looking to strengthen their presence in the region and expand their reach, says Dubai Holding.

Emirates Towers Business Park will meet the increasing demand for Grade A office space through hi- and low-rise office towers catering to a range of requirements.

The development will include three five-star hotels. Jumeirah Group will manage one, while the other two will be managed by leading international hospitality groups. It will also offer retail space with a range of international brands and food and beverage (F&B) options and a dedicated arena for events and ancillary facilities to support corporates.

Dubai Holding says the project will be interspersed with public parks, green space and will include two covered pedestrian bridges connecting to the DIFC.

Upon completion, Emirates Towers Business Park will become an integrated business district in the heart of Dubai’s financial district and will provide a legislative environment with international standards of governance and transparency under the regulations of the DIFC Authority.

To ensure ease of access across the development, Emirates Towers Business Park will be supported through a three-level basement with one level dedicated to traffic management, while the other two will provide 13,000 new parking spaces.

Abdulla Al Habbai, the chairman of Dubai Holding, says: “This new development reflects the wise and ambitious vision of our leadership and is in line with Dubai’s strategy of developing futuristic projects to meet the growing demand for integrated business districts and advanced legal infrastructure built on international standards of governance and transparency.”

“Emirates Towers Business Park demonstrates Dubai Holding’s commitment to the economic diversification of Dubai and strengthening its attractiveness as a preferred destination for regional and international corporates looking to leverage the wealth of opportunities for growth and expansion,” he adds.

DIFC governor Essa Kazim says: “We will continue to deliver on our ambitious plans to support the growth strategy of Dubai and the economic development of the UAE. Our collaboration with Dubai Holding is a perfect example of this strategy in action. By extending DIFC’s jurisdiction, the member companies of Emirates Towers Business Park will benefit from the centre’s robust legal and regulatory framework as well as its world-class infrastructure that supports business growth.”