DWTC breaks ground on $196m phase two of Dubai Trade Centre District
Works to include two Grade A office buildings
Dubai World Trade Centre (DWTC) says it has broken ground on the $196 million second phase of its mixed-used expansion development.
Al Futtaim Carillion, the main contractor for phase one of the Dubai Trade Centre District (DTCD), will also work on phase two, according to a DWTC statement.
The second phase will comprise of two Grade A office properties, of eight and 12 storeys, designed by Hopkins Architects and WSP.
READ MORE: Macro awarded Dubai Trade Centre District contract
Phase one comprised of an eight-storey office building and 588-room Ibis hotel.
The commercial office properties in both phases will have a net leasable area of approximately 84,000 sqm, together with approximately 6,400 sqm of retail space. It will also include 2,150 parking bays in a four-level basement.
“DWTC is continuing with its market share growth strategy of creating a prime central business district destination, underpinned by a strong conventions and exhibitions business endowed with a Free Zone and freehold status,” said Gurjit Singh, Senior Vice President of Real Estate at DWTC.
“Phase one has successfully attracted blue chip commercial tenants to our Grade A, single ownership, large floor plate, office space. This demand is expected to continue in phase two. We are also especially excited with the forthcoming opening of the new 588 room Ibis Hotel at DTCD.”
READ MORE: Macro awarded Dubai Trade Centre District contract
