Saturday 15 December 2018

Gate Avenue at DIFC set for 2018 completion

DUBAI, December 13, 2017

Work is progresing at a steady pace on the Gate Avenue at DIFC, a premium urban retail, leisure and cultural development at the heart of Dubai International Financial Centre (DIFC), with the project’s first phase on track for completion in mid-2018.

Spanning across 660,000 sq ft of built-up area and 880 m in total length, Gate Avenue at DIFC will link the podium levels of all buildings located in DIFC, from the Gate Building to Central Park Towers.

Upon completion, the flagship development is set to enhance the DIFC’s position as a first-of-its kind destination with over 200 dining, boutique, retail and entertainment options, as well as a state-of-the-art mosque, said a statement from DIFC.

The concrete structure is now 95 per cent complete with 40,000 cu m of concrete poured to date, and blockwork installation on the project is 80 per cent complete with over 45,000 cu m of concrete blocks installed, the company said in a statement.

Stone paving and planting of the softscape is also well underway, while 140,000 linear meters of cables, wires and trays have already been installed, it added.

A significant number of retail units have been handed over to tenants for design and fit-out work has started on some of the units.

Nabil AlKindi, the chief real estate officer of DIFC Authority, said: "Gate Avenue at DIFC will transform the centre’s existing urban infrastructure, connecting the various facets of the financial district through sleek and beautiful architecture featuring over 200 retail, lifestyle and entertainment outlets."

"The progress we have made on its construction is significant and the project is well on track ahead of its opening in 2018," revealed Al Kindi.

DIFC’s 2024 Strategy envisions a thriving community of 50,000 professionals based in the centre, and the Gate Avenue at DIFC is a milestone in this journey as well as a new landmark at the heart of Dubai," he added.-TradeArabia News Service

Tags: Construction | project | retail | Leisure |

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