Find Out If Uptown Dubai’s Second Phase Breaks Ground
With the start of development on Uptown Dubai's second phase, the Dubai Multi Commodities Centre (DMCC), a flagship free zone and the Government of Dubai Authority on commodities trade and entrepreneurship, is making significant progress in growing its real estate offers. An important step forward in development was reached with the groundbreaking ceremony, which came after Swissboring Overseas Piling Corporation was chosen for the foundation and enabling work.
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Basis And Facilitating Activities By Swissboring
For the second phase of Uptown Dubai, the fundamental and enabling work has been outsourced to Swissboring Overseas Piling Corporation. Their main priorities are implementing basement retention systems for the three basement levels of the two towers, tower foundation construction, podium levels, future bridges, dewatering operations, and phase-two plot excavation.
●? Phase Two will see the building of two mid-rise skyscrapers in the Uptown district of Dubai.
●? 86,000 square feet of retail and food and beverage (F&B) space will be housed in these towers, which are 17 storeys and 23 stories tall, respectively.
●? Also, in keeping with the upmarket vibe of the urban neighbourhood, there will be 753,000 square feet of Grade A commercial office space.
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Uptown Dubai District Development
Along with Uptown Tower and the residential towers inside Ellington Properties' Mercer House, the two new buildings bring the total number of finished towers in the district to over half. The nine towers of Uptown Dubai will encircle the main attraction, The Plaza, becoming a bustling centre for a variety of activities, such as art exhibits and musical performances, Uptown Dubai's nine skyscrapers will encircle The Plaza, the main attraction, becoming a bustling centre for art displays, concerts, movies, and fashion exhibitions.
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Commercial Office Space And Gross Floor Area (Gfa) In Uptown Dubai
When Uptown Dubai is finished, its gross floor area (GFA) is expected to be 5.8 million, of which 2.5 million will be devoted to commercial office space. This project aligns with DMCC's objective of providing a complete high-end retail district.
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CEO's Statement On Uptown Tower's Achievements
According to CEO and Executive Chairman Ahmed Bin Sulayem, the development was motivated by the success of Uptown Tower's debut last year. Standing at 81 floors, the tower has offices for leading international corporations, branded homes, and hotel rooms for the upscale SO/Uptown Dubai hotel.
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“An example of their method, according to Bin Sulayem, is the quick pre-leasing of the Grade A offices in Uptown Tower. He stated that he intended to duplicate this achievement with the two additional commercial buildings in Phase 2, which would further contribute to the development of the business area and improve the entire value proposition of DMCC.”
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Wrapping Up!
Due to DMCC's work on the Uptown Dubai construction, Dubai's real estate market has advanced significantly. The city's goal of creating a thriving, affluent urban community aligns with the dedication to upmarket business and residential places. Phase 2's groundbreaking establishes the foundation for the district's future growth and prosperity.
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