Enabling Works Contract Awarded For DAMAC Properties’ Marina Bay Development

Luxury lifestyle provider DAMAC Properties Dubai has announced that it has awarded the enabling works contracts for its Marina Bay development at Al Reem Island in Abu Dhabi.

The AED7.5million contract has been awarded to National Dewatering and Drainage services (an offshoot of ‘National Piling’) and work is due to commence on site shortly.

The enabling works are scheduled to last for around four months and will include dewatering, shoring, excavation, piling and pile testing on site.

Marina Bay is a mixed use development which will feature a 25 storey tower of one, two and three bedroom apartments. In addition there will be retail and commercial space with shops and restaurant outlets along the ground and mezzanine levels. Marina Bay’s prime location within the Al Reem master development means that residents will have views across the canals that run through the entire development and also out across the Marina itself.

The Marina Bay tower won two awards at the prestigious 2008 CNBC awards – one for the Best High-rise Architecture and a second for Best Marina Development.

Commenting on the awarding of the enabling works contract, Chairman of DAMAC Holdings Hussain Sajwani said: ‘We are delighted to see that work on site at our Marina Bay development will commence very soon and that we can begin the process of building this truly stunning tower at such a fantastic location.

‘National Piling, who have a solid reputation in the market place for completing enabling works in an efficient and effective manner is a good partnership for us to kick start this important project for DAMAC Properties in Abu Dhabi.’

Marina Bay is scheduled for completion in the summer of 2012 and it is expected that main works will commence on site by the end of this year.

CEO of DAMAC Properties, Peter Riddoch commented: ’Abu Dhabi is a very significant marketplace for DAMAC Properties and we know that the location of our Marina Bay tower will be hugely attractive to customers.

“Part of our success in Dubai has undoubtedly been the ability to identify prime locations and then deliver stylish and iconic buildings. In these turbulent times location is proving an ever increasing factor in the decision making process for customers and we believe that adopting this simple but effective principle across all of our GCC locations will stand us in good stead as the market recovers.’

In Dubai DAMAC Properties has already delivered more than 3,000 units into the market place and has committed to deliver a further 7,100 by the end of 2010. A total of 25 towers will have been completed by the company by the end of 2011.

Marina Bay is one of two projects that DAMAC Properties has underway in Abu Dhabi with the second one being Oceanscape in the highly sought after Shams area of the capital. Enabling works have already been completed for this project and recently retail units at the development were released for sale.

Mr Riddoch concluded: ‘We have made a clear commitment to progress and construction during 2009 and the enabling works starting at Marina Bay is just a typical example of how we are demonstrating this commitment. We look forward to the successful completion of this important foundation work within the next few months.’

DIP Announces Exclusive Boutique Offices At The Jumeirah Seafront

Dubai Investment Properties (DIP), one of the leading real estate developers in UAE, today announced the start of the leasing process for its boutique offices at the signature ‘Sunset’ mixed-use development located in the upmarket Jumeirah 3 area. The office complex, which consists of 49 exclusive offices – the only commercial space in the neighbourhood, will feature the latest technology and best-in-class facilities and amenities making it the ideal address for well-established businesses, professional entrepreneurs as well as companies looking to set-up a business or international representative office in Dubai.

“We are happy to be the first to offer commercial office space in the Jumeirah neighbourhood. Sunset’s boutique offices will feature the latest technology, cutting edge design and interiors, and attention to detail that is second to none. These factors, coupled with the outstanding location make Sunset an ideal location for companies, which are cautious as to where do they set up an office in Dubai. We are confident the offices will undoubtedly appeal to businesses that want accessibility, recognition and best in class amenities,” says Ani Vladi, Marketing and Operations Manager at DIP.

Sunset, which comprises of a luxury shopping mall, boutique offices and lavish residential apartments, is a unique development combining the best in architecture and the latest ‘green’ technology initiatives. It is built to be one of the most energy efficient buildings in the region with several measures being adopted by DIP to ensure energy conservation and minimising pollution and demands on infrastructure.

Sunset’s office complex comprises of office units ranging from 1200 to 1800 sq.ft. overlooking Jumeirah road / Dubai City or the Arabian Gulf, where customers can choose between cellular and open plan developments for larger office units. Companies have the option of working closely with Sunset’s architects to design the office that best fits their requirement. Sunset’s picturesque seafront location, distinctive architecture, efficient design, state-of-the-art facilities and amenities will appeal to a wide variety of tenants, from business entrepreneurs and professionals to well-established multinational corporations.

The Sunset office complex, which has direct access to the shopping mall and restaurants offering tenant’s convenience, will include 2 business lobbies, two meeting/conference rooms, prayer rooms, and pantry rooms. Two patios, arranged with sitting facilities and fountains compliment the office set up. Apart from offering an ideal work environment, Sunset will also provide parking spaces for tenants as well as visitors, business services and 24/7 security and cleaning services. Tenants can also avail of gymnasium facilities, aerobics, steam bath as well as two swimming pools, children pools (and of course) beach access. All these are featured to complete the perfect ‘work and play’ business environment.

“The work environment plays an important role in productivity since most employees spend more than 90 per cent of their working hours in office. At Sunset, we created a work environment that will inspire employees to perform better,” Ms. Ani Vladi concluded.