Al Futtaim Carillion wins Dhs 721m contract for phase two of Dubai Trade Centre District

The construction contract covers two office properties scheduled for completion in 2017

8 November 2015

Dubai World Trade Centre has awarded a Dhs 721m construction contract for the second phase of its upcoming Dubai Trade Centre District to Al Futtaim Carillion, it was announced on Thursday.

DTCD is a massive mixed-use development spread across 535,000 square metres between the current Dubai International Convention and Exhibition Centre and Jumeriah Emirates Towers.

Phase two will comprise two Grade A office properties with a total gross floor area of 94,000 square metres. The two towers – eight and 12 storeys high – have been designed by the firms of Hopkins Architects and WSP, a statement said.

The developments are scheduled for completion in the third quarter of 2017.

“The addition of international standard Grade A office properties allows us to provide well appointed, high quality, flexible spaces,” said senior vice president - Real Estate at Dubai World Trade Centre Gurjit Singh.

“Coupled with the location’s newly established free zone status under the Dubai World Trade Centre Authority, we are well placed to deliver a business-conducive and professionally managed destination that serves as a strong incentive for global, regional and local multinationals to headquarter their regional bases in Dubai.”

The latest contract takes the overall value of Al Futtaim Carillion’s work on the DTCD development to around Dhs 1.2bn.

Currently, the company is nearing completion of the first phase of the project, it said.

Phase one includes an eight-storey office building and a 588-room business hotel operated by the Accor Group under its Ibis brand. Work on the first phase was initially scheduled for completion in Q3 2015.

The three new office properties being developed will provide a net leasable area of approximately 84,000 sq m, together with approximately 6,400 sq mof net leasable multi format retail space.

They will be served by 2,150 parking bays in a four- level basement.

Carillion chief executive Richard Howson said: “We are delighted to have been selected for the second phase of this major development in Dubai, where we continue to see more opportunities coming to market.”

DTCD, first announced in 2008 and scheduled for completion in 2011, was put on hold following Dubai’s property market crash.

The mega-development received approval to recommence construction in the first phase of 2013, as the emirate’s real estate recovery began.