Pearl Dubai breaks ground for US$4-billion Dubai Pearl Project
Pearl Dubai FZ LLC, a consortium of investors led by Al Fahim Group, today broke ground for Dubai Pearl, the world class US$4-billion mixed-use development, located in the heart of Dubai Technology and Media Free Zone (TECOM Investments).
Senior officials from Dubai Pearl and TECOM Investments were present at the ground breaking ceremony, including Mr. Abdullatif Al Mulla (Group CEO, TECOM) Mr. Ali BuRuhaima (Chief Officer Asset Development Zoning Authority, TECOM) and ( Mr. Abdul Majeed Al Fahim, Pearl Dubai).
Pearl Dubai FZ LLC recently received the mobilization and excavation permits for the works. Dubai Pearl's 1.7 million square feet of plot size will have a built up area of 17 million square feet. The anticipated concrete quantity is 1.2 cubic meters with an aluminum façade spanning 200,000 square meters.
The preliminary piling test has already begun in mid May, while the main contract is in the tendering stage, with bids expected to be submitted in July, 2008.
Dubai Pearl will combine an active business district with quality urban lifestyle, offering easy access to premium commercial and residential areas such as Dubai Media City and Dubai Internet City, as well as Jumeirah.
Senior officials from Dubai Pearl and TECOM Investments were present at the ground breaking ceremony, including Mr. Abdullatif Al Mulla (Group CEO, TECOM) Mr. Ali BuRuhaima (Chief Officer Asset Development Zoning Authority, TECOM) and ( Mr. Abdul Majeed Al Fahim, Pearl Dubai).
Pearl Dubai FZ LLC recently received the mobilization and excavation permits for the works. Dubai Pearl's 1.7 million square feet of plot size will have a built up area of 17 million square feet. The anticipated concrete quantity is 1.2 cubic meters with an aluminum façade spanning 200,000 square meters.
The preliminary piling test has already begun in mid May, while the main contract is in the tendering stage, with bids expected to be submitted in July, 2008.
Dubai Pearl will combine an active business district with quality urban lifestyle, offering easy access to premium commercial and residential areas such as Dubai Media City and Dubai Internet City, as well as Jumeirah.
Dubai Pearl
Dubai Pearl is a US$4 billion world class, mixed-use development by Pearl Dubai FZ LLC. Located opposite the Palm Jumeirah in the heart of the Dubai Technology and Media Free Zone, a state-of-the-art business cluster operated by TECOM and home to global IT and media companies.
Dubai Pearl is a landmark destination offering spectacular views of the Dubai coast. The development will redefine the pulse of new Dubai providing a 24-hour living city with commercial, retail, residential and leisure facilities. Designed with people in mind to create an all year round walkable environment, the Dubai Pearl will service the Dubai Technology and Media Free Zone and its communities.
Set for completion at the end of 2010, Dubai Pearl's prime location will offer an unparalleled combination of free-hold in the convenience of a freezone with luxury, energy efficient sustainability and state-of-the-art technology.
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