Al Mazaya Holding has announced that development works on its projects in Dubai are progressing well, and 65 per cent of construction works on Business Avenue have been completed.
Located at Jumeirah Lake Towers, Business Avenue consists of three 44-storey commercial towers, valued at Dh1.25 billion. Finishing works have started on the completed parts.
Fathi Al Dhameri, Senior Vice-President of Construction at Al Mazaya in Dubai, said: "Construction works at Business Avenue project is progressing well and according to schedule, despite some challenges faced during recent times. We are committed to delivering the project by the end of the year, and to highest quality standards."
According to him, the progress made at Business Avenue itself serves as the best response to all who said that the office sector no longer has a future.
"We believe that the office sector in the GCC and Dubai in particular, will definitely recover from the drawback it witnessed during the global financial crisis. Dubai is focusing on diversifying its sources of investments and attracting more companies and individuals to retain its leading position, which in turn will increase the demand for office space as companies require headquarters and facilities in the emirate," added Al Dhameri.
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