Dubai Investments begins work on mixed-use project in UAE

WCN Editorial Team 13 Jun 2017 MIDDLE EAST BUILDINGS

Dubai Investments, a diversified investments conglomerate, has commenced infrastructure work on The Palisades project in Dubai, UAE.

Sprawling over 13m sq ft, the mixed-use project has a total built-up area of about 22m sq ft and offers a range of residential, retail, office and recreational facilities.

The development is easily accessible and well connected with public transport infrastructure, RTA bus and Dubai metro network, and in close proximity to Expo 2020 site, Jebel Ali port and industrial area, Al Maktoum International Airport, Dubai South and other business districts in Dubai.

The scope of the work includes construction of two 132KV sub-stations, district cooling network, sewage and irrigation systems, fire-hydrant networks, street lights, green parks and public facilities.

The project has been divided into plots of varying sizes, ranging from 60,000 sq ft to 600,000 sq ft.

Dubai Investments, through the Palisades Development Company, is managing the project. Furthermore, the company awarded a contract for earth works grading and leveling of the roads has been awarded to Arabtec Construction.

The grading work, which is almost 45% finalized, is anticipated to be finished by September 2017.

Dubai Investments managing director and CEO Khalid Bin Kalban said: “The master plan of The Palisades is aligned with current market requirements. The infrastructure within the project is being developed in phases at a total cost of AED580 million.”

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