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Home / NEWS / Amana Contracting delivering phase one of D3

Amana Contracting delivering phase one of D3

by Michael Fahy on Sep 22, 2014




RELATED ARTICLES: Tecom reveals $1.5bn investment plans | d3 master plan to be revealed | Phase one of Mall of the World to take three years

RELATED ARTICLES: Tecom reveals $1.5bn investment plansd3 master plan to be revealedPhase one of Mall of the World to take three years

The first phase of Dubai's Design District, D3, is set to start on site next year with the creation of 11 office buildings, with the first occupiers likely to take space late in 2016, according to a new masterplan unveiled at yesterday's Cityscape Global event.

Work at the site, which has been designed by architecture firm Woods Bagot, is being built by Dubai-based Amana Contracting.

This will be followed by a second phase containing a mixed-use "creative community" area that will feature pop-up boutiques, event space and galleries. This is set to come online by 2017. Following this, the third phase will see the site's creekside waterfront area developed, where a major event space will be created and where a number of design-led hotels and cafes are planned. It is due to be brought into the market by 2018.

Badr Al Gargawi, Tecom Investments' CEO of development and planning, said: "The masterplan is located in the heart of Dubai near Dubai downtown. It is 21mn ft2 of space, has around 4,000 hotel rooms, office space for 10,000 people, 1.8km of waterfront and creative communities for around 4,000 designers and creative people.

"The unique thing about this masterplan is that it is not all about land," he added, stating that the site will operate on a 24-hour basis.

"It has been designed for creative people... is inspired by creative people, built for creative people and creative people will help us to realise this vision."

Tecom Investments said that it had received around 800 expressions of interest for both office and retail space since plans for the district were first announced by Dubai's ruler HH Sheikh Mohammed Bin Rashid Al Maktoum last year. It is the first masterplanned hub specifically aimed at the design and fashion industries.

Tecom has said the market in the GCC for luxury fashion and interiors goods is around $14.7bn, with the UAE dominating the market with a spend of $6.2bn.

 



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