UAE developer sees Onyx project on track
Dubai, May 12, 2014
UAE-based Ishraqah for Development said it has introduced a fast track construction program for its 'The Onyx' project.
The major freehold development, which is located near the Greens and Emaar Business Park on Sheikh Zayed Road, has had nine floors completed so far, with the entire development expected to be ready by the last quarter of 2015.
“It is with great pleasure that we announce that construction work on The Onyx is in full swing and we are working very closely with Al Shafar General Contracting (ASGC), the project’s main contractor, to ensure that we are on course for project completion by early fourth quarter of 2015,” stated Ammar Sweis, the CEO of Ishraqah for Development.
“The Onyx is an exclusive three-tower mixed use development with a total cost of Dh1.3 billion, a total built up area of two million sq ft and a plot area of 237,000 sq ft. The project consists of two office towers and a four-star business hotel.
In addition to a three-storey podium of restaurants and retail shops covering an area of nearly 80,000 sq ft. Located opposite Media City, its mixture of office space and hospitality facilities will enhance an important freezone area that is the hub of the region’s media industry.
Its position directly adjacent to Sheikh Zayed Road means easy access to all areas of the city,” he added.
Towers one and two of The Onyx have each reached level nine, with tower three reaching level four. Ishraqah recently reached another significant milestone relating to the development by awarding the renowned Finnish elevator manufacturer, Kone, and architectural façade specialists, Alumco two major contracts.
Kone will supply two escalators and 24 high-end elevators to service the development, while Alumco will provide aluminium-glazed curtain wall system, as well as other cladding and panelling applications.
“We are delighted to work with both companies to ensure world-class standards for our Class A mixed-use development,” stated Sweis.
Ishraqah for Development is a strategic alliance between two prominent Gulf business groups, Zahran Group and Bin Mahfouz Group, which was set up to pursue opportunities in the regional and international property markets.-TradeArabia News Service