50 projects under way in Business Bay district

Executive Towers (LOAY ABU HAYKEL)

Around 50 projects are under various stages of construction in Business Bay, an Emirates Business study revealed. The study, which was compiled using inputs from certain developers and investors in the project, also revealed that nine projects have completed construction. Whereas several excluded projects in the site map maybe in the piling and shoring stage and revealed no activity on site.

Twelve projects have not started any activity and four plots remain as occupied land.

Meanwhile, Dubai Properties Group, the master developer, said in an e-mailed statement yesterday: "Dubai Properties Group remains committed to all its projects and is currently working closely with government authorities, including Dubai Municipality, the Roads and Transport Authority and Dewa to finalise the infrastructure requirements of Business Bay and the process of connecting that infrastructure to the emirates overall coherent system".

The Dh110 billion Business Bay is Dubai Properties Group's 80 million square feet central business district master development, located along the extension of Dubai Creek.

Infrastructure

Dubai Municipality (DM) told Emirates Business on March 9 that it is in talks with Dubai Properties to facilitate the infrastructure for completed projects in Business Bay.

"We have started discussions with Dubai Properties," said Hussain Nasser Lootah, Director-General of DM, in an exclusive interview, adding that he expected work to be finished by summer.

He said DM has already appointed three consultants in this regard.

"We will make the connections from the lateral system to the main systems in Business Bay for sewage, storm water and also irrigation for landscaping," said Lootah.

No shortage of power: Dewa

Dubai Electricity and Water Authority (Dewa) has denied claims that there is a shortage of electricity in some parts of the Business Bay development. In an exclusive interview with Emirates Business, Dewa's top official reassured investors that the utility firm has "more than enough power" to fuel all of the emirate's projects on March 9. "There is electricity," said Saeed Mohammed Al Tayer, Managing Director and CEO, Dewa. "There are two substations and about 240MW of power is available. I think developers sometimes don't provide enough information. If there are complaints, ask them to come to me and I will take them to the substation."

 

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