Damac cements Business Bay foundations
Dubai, November 23, 2010
Luxury developer Damac Properties said it has cast basement slabs at four of its nine projects currently under construction in Business Bay including the Corner, Executive Bay, Capital Bay and Park Central.
Damac is making impressive progress at Business Bay, with two office towers, Business Tower and XL Tower soon to be handed over, and piling works completed at three other projects - Commercial Square, Water’s Edge and Business Central, said Niall Mc Loughlin, vice president of Damac Properties.
Damac, he said, was getting down to business at Business Bay, casting slabs for almost 50 per cent of its projects in a single week. “Once the slabs have been cast, construction tends to speed up quite significantly” he added.
Business Bay will form the new commercial heart of Dubai, with stylish offices, executive residential apartments and some of the city’s best amenities and transport links.
Four main contractors are building Damac’s nine projects currently under construction in Business Bay.
Sun Engineering is the main contractor for Executive Bay and Capital Bay, Modern Building Construction Company is building Commercial Square, Water’s Edge and Business Central, while Drake and Scull subsidiary, Gulf Technical Construction Company is the main contractor for Park Central and The Corner.
“Damac has demonstrated the construction efficiencies from having the same main contractor build more than one project within close proximity. XL Tower and Business Tower were built simultaneously by CSHK, which accelerated the build time” said Mc Loughlin.
“Once we reach the first floor it should be a floor a week from there onwards, that’s the general rule of thumb” he remarked.
Commenting on its significant footprint in Business Bay, Mc Loughlin said “It is a testament to foresight and strategic planning that Damac will be in a position to offer customers a range of properties and options through our portfolio at Business Bay.”
'Dubai is well established as a regional trade and financial hub, and it has the infrastructure to support future development and growth.'
'Other cities in the GCC are still a long way behind Dubai in providing the high standard of infrastructure required to sustain multinational corporations.” he added.-TradeArabia News Service