Al Mazaya promises to finish JLT project this year
Firm says 65% of construction works on Business Avenue finished
Al Mazaya Holding has announced that 65% of construction works at its Business Avenue development, based in Dubai’s Jumeirah Lake Towers, are now complete, and that finishing work on those sections is in full swing.
Business Avenue includes three 44-storey buildings designated for commercial use, and the development is valued at US $340 million (AED1.25 billion).
Al Mazaya has committed to handing over the full project by the end of 2009.
"Construction works at Business Avenue project is progressing well and according to schedule, despite some challenges faced during recent times. We are committed to delivering the project by the end of the year, and to the highest quality standards,” said Fathi Al Dhameri, senior vice president of construction at Al Mazaya’s Dubai office.
"We believe that the office sector in the GCC region and Dubai in particular, will definitely recover from the drawback it witnessed during the global financial crisis.
"The emirate of Dubai is focusing on diversifying its sources of investments and attracting more companies and individuals to retain its leading position, which in turn will increase the demand for office space as companies require headquarters and facilities in the emirate," added Al Dhameri.