Gate Avenue at DIFC reaches 85% completion
Construction on the $1bn Gate Avenue project in Dubai International Financial Centre (DIFC) is now 85% complete
Construction on the $1bn Gate Avenue project in Dubai International Financial Centre (DIFC) is now 85% complete, according to Nabil AlKindi, chief real estate officer of DIFC Authority.
Work on the mixed-use project has reached the final stages with the completion of the first phase on track for H1 2018.
The concrete structure is now 95% complete with 40,000 cubic metres of concrete poured to date, and blockwork installation at 80% completion with more than 45,000 cubic metres of concrete blocks installed.
Stone paving and planting of the soft cape is also well underway, while 140,000 linear metres of cables, wires, and trays have been installed.
AlKind told Construction Week during a tour of the site: “Comfortably I can say that we are now 85% completed. There are components that are missing, which is mainly on the car parking side.”
Retail units are being handed over to tenants for design and fit out work on several of the units has started.
“Leasing is going well, but there is always a challenge across the market. We are trying to accommodate through deals and incentives however,” AlKind added.
Gate Avenue at DIFC will link the podium levels of all buildings located in DIFC, including the Ritz Carlton, the Gate Building, and Central Park Towers.
Upon completion, the flagship development will include 200 dining, boutique, retail and entertainment options, and a mosque.
HLG Contracting, the firm that won the project’s $136.2m (AED500m) main contract in October 2016, was awarded an additional $13.5m (AED49.5m) deal for surrounding infrastructure in August.
HLG’s scope of work will include the integration of new and existing roads, car parking, and public realm works around the project within the DIFC master plan.