Substantial Progress Made on Gate Avenue, Opening 2018Press Release13 Dec 2017 11:34 am
- Construction on AED 1 billion urban infrastructure development continues on schedule
- Concrete structure 95% complete; blockwork installation 80% complete
- Significant number of retail units handed over to tenants for design and fitout
UAE, Dubai – 13 December 2017:Gate Avenue at DIFC, the new premium urban retail, leisure and cultural development at the heart of Dubai International Financial Centre (DIFC), has made significant construction progress ahead of its opening in 2018.
Substantial completion of the project’s first phase is on track for the first half of 2018. A significant number of retail units have been handed over to tenants for design and fitout work has started with some of the units.
The concrete structure is now 95% complete with 40,000 cubic meters of concrete poured to date, and blockwork installation on the project is 80% complete with over 45,000 cubic meters of concrete blocks installed. Stone paving and planting of the soft cape is also well underway, while 140,000 linear meters of cables, wires and trays have already been installed.
Mr. Nabil AlKindi, Chief Real Estate Officer of DIFC Authority, commented: “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. DIFC’s 2024 Strategy envisions a thriving community of 50,000 professionals based in the Centre, and Gate Avenue at DIFC is a milestone in this journey as well as a new landmark at the heart of Dubai.”
Spanning across 660,000 square feet of built up area and 880 metres 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 the-state-of-art mosque.