Dubai World Trade Centre (DWTC) has broken ground on the AED720m (US$196m) second phase of its Dubai Trade Centre District (DTCD) development immediately after the on-time completion of its first phase.
Al Futtaim Carillion, the main contractor which successfully completed phase one, is also constructing phase two which comprises of two Grade A office properties of eight and 12 storeys, designed by the firms of Hopkins Architects and WSP.
The successful completion of phase one, which includes an eight-storey office building and a 588-room Ibis hotel also culminated in Al Futtaim Carillion attaining a safety record of achieving 5.6m man hours of Zero Loss Time Incidents (Zero LTI).
At the inauguration of phase two, Gurjit Singh, senior vice-president – Real Estate, DWTC said: “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.”
The commercial office properties in both phases will have a net leasable area of approximately 84,000sqm, together with approximately 6,400sqm of net leasable multi-format retail space, served by 2,150 parking bays in a four level basement.
The DTCD development is being designed to best-in-class quality standards and has achieved LEED® Gold precertification from the US Green Building Council – the industry benchmark for green building performance covering design, construction, operations and maintenance.
Singh added: “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.”