Dubai announces new AED 5 billion project

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched Emirates Towers Business Park. Master planned by Dubai Holding, the development is located between Sheikh Zayed Road and Happiness Street; in close proximity to Dubai International Financial Centre (DIFC), the leading financial hub for the Middle East, Africa and South Asia (MEASA) region. 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.

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. The development will also offer retail space with a range of international brands and F&B options, a dedicated arena for events and ancillary facilities to support corporates. The development will be interspersed with public parks, green space and will include two covered pedestrian bridges connecting to the DIFC.

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.

The location will host the Museum of the Future, which offers laboratories for innovation in different sectors, including health, education, smart cities, energy, and transportation. Construction on this latest addition to Dubai’s skyline will commence by the end of 2017 with completion aimed within four years.

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