Dubai Word Trade Centre (DWTC) has broken ground on the AED720m ($196m) second phase of its Dubai Trade Centre District (DTCD) development after the first phase of the project was completed on time in November.
Local joint venture of Al-Futtaim Carillion, the main contractor on phase one, was awarded the contract to build phase two in November. Phase two comprises of two eight- and 12-storey office properties designed by the UK-based Hopkins Architects and WSP.
The first phase of the project included an eight-floor office building and a 588-room Ibis hotel.
The commercial office properties in both phases will have a net leasable area of approximately 84,000 square metres, together with approximately 6,400 square metres of net leasable multi format retail space. These properties will be served by 2,150 parking bays in a four-level basement, according to the statement.
Phase one has successfully attracted blue chip commercial tenants. This demand is expected to continue in phase two, Gurjit Singh, senior vice president real estate at DWTC said in the statement.