Showing posts with label Business Bay. Show all posts
Showing posts with label Business Bay. Show all posts
Hamptons MENA signs exclusive deal to market Iris Bay tower in Business Bay
Hamptons MENA signs exclusive deal to market Iris Bay tower in Business Bay
Dubai, UAE; December 11, 2010: Hamptons MENA, the full-spectrum property services company with a strong geographic presence across the Middle East and North Africa region, has signed an exclusive deal with Sheth Estate International to market Iris Bay, a 32-storey tower located in Business Bay, Dubai.
A dedicated commercial tower designed by Atkins, Iris Bay has a distinctive architecture and a superior location near the business and financial nerve-centres of Dubai. The tower has frontal views of Sheikh Zayed Road, and features viewing decks opening to the Dubai Creek on all floors.
A one-of-its-kind architectural marvel with its awe-inspiring edifice, Iris Bay has a distinctive façade and never-before-seen half-moon shape architecture. With innovative and high-end interiors and featuring business friendly amenities, the tower has a clubhouse, swimming pool and restaurant.
A Hamptons MENA spokesperson said: “Iris Bay in the prestigious Business Bay development serves as an elegant and competitive business destination for offices. In addition to its design aesthetics, the tower’s central location and amenities will significantly add value to business investors. The offices are ideal for the entire range of business needs – from opening boutique offices to establishing regional headquarters.”
Vikram Nanthur of Sheth Estate International said: “Iris Tower is one of our flagship developments, and we have placed emphasis on the highest standards of design aesthetics and construction quality. Hamptons MENA has a strong track-record in the region in marketing world-class property, and we are leveraging their competencies through this partnership.”
Iris Bay features fully rectangular interiors thus ensuring that there is no wastage of space. The building also includes three-level podium parking in addition to ease of access to Sheikh Zayed Road next to the Business Bay Metro Station.
An Open House event showcasing Iris Bay will be held on Dec. 14 from 10 am to 3 pm. The ‘Open House’ will enable potential customers to evaluate the various aspects of the property and make informed purchase decision by joining the sales and leasing professionals from Hamptons on a tour of the property.
For more details or registering your interest to buy Office space in Iris Bay, please call 800 Hamptons (800 4267 8667) or email: enquiries@hamptons.ae
Hamptons MENA is a leading property services company, and offers the full spectrum of property services including residential and commercial property sales, residential and commercial leasing and property management, international property sales, valuations, research and feasibility studies, and independent mortgage consultancy.
About Hamptons MENA:
Hamptons MENA is a premier realtor with more than 140 years of professional experience. It has earned an unrivalled reputation for professionalism, expertise and innovation across the world with a large network of offices and a large international portfolio of projects. The comprehensive range of services offered by Hamptons MENA includes residential property sales, residential and commercial leasing and property management, international property sales as well as the full range of added value services including valuations, research and feasibility studies, and an independent mortgage consultancy.
Parallel Roads Project at Business Bay set for completion in mid 2011 – RTA
Parallel Roads Project at Business Bay set for completion in mid 2011 – RTA
Al Tayer: RTA has completed two phases of the Parallel Roads Project
Roads & Transport Authority – Mohammed Al Munji:
H.E. Mattar Al Tayer, Chairman of the Board & Executive Director of the Roads & Transport Authority (RTA), confirmed that work is progressing in the Parallel Roads Project at the Business Bay area and the project is set for completion according to the approved schedule in two phases; the first to be completed in the first half of 2011 and the second phase to be completed by the end of 2011.
Al Tayer made this statement during a site tour of the project which is considered a key part of the Parallel Roads (to Sheikh Zayed Road) Project which comprises the construction of two new parallel corridors in the area between Sheikh Zayed Road and Al Khail Road; namely the Eastern Parallel Road and the Western Parallel Road. These two roads branch out of Sheikh Rashid Road in the north and extend southward to terminate at the outskirts of Abu Dhabi Emirate. These road sectors which extend 108 km, comprise bridges and intersections at the junctions with perpendicular roads with a total length of 42 km.
Due to the massive nature and expanse work scope of the vital Parallel Roads Project, construction works have been divided into ten phases; some of them have been completed, and others underway while four phases are still under the initial design, final design or tendering process.
During the tour Al Tayer was accompanied by the CEO of Public Transport Agency Essa Abdul Rahman Al Dosari, Director of Roads Nabeel Mohammed Salih and several directors and engineers at RTA Traffic & Roads Agency.
At the start of the tour, Al Tayer was briefed on the work progress in this phase of the project which costs about 84 million dirham and aims to complement the internal roads at the Business Bay district in an area located between Sheikh Zayed Road in the north, Meydan Road in the west, Financial Center Road in the east and Al Khail Road in the south. The project comprises the construction of roads extending 6 km to link the parallel roads with the internal roads of the Business Bay to ease the traffic flow in the area in addition to the construction of road linking up with Al Khail Road. The Project also comprises the construction of a 200-meter long bridge, 12 light signals and storm water drainage network.
The Chairman of the Board and Executive Director of the RTA inspected the work progress in Phase II of the Project; which costs about 214 million dirham and comprises the construction of roads extending 16 km, a 600-meter long bridge, 7 light signals and storm water drainage network.
“The Parallel Roads Project is one of the mega projects undertaken by the RTA and its first phase comprises the construction of bridges leading to Al Maktoum and Al Garhoud Bridges involving the construction of two main bridges through using precast concrete slabs in a sector extending 4236 meters in length and 15 meters in length with two lanes in each direction. The Project serves the traffic movement from Sheikh Rashid bin Saeed Road at Lamcy Plaza to 313 Road opposite to the World Trade Center. It also serves the traffic in the opposite direction from 313 Road opposite to the World Trade Center to Al Maktoum and Al Garhoud Bridges as well as Dubai – Al Ain Road. The project comprises improvement of the traffic signals at the World Trade Center, infrastructure works and lighting works.
“The completion rate has almost reached 90% in Phase III (B) extending from a point near Emirates Hills across large urban communities such as the immediate vicinity of Jebel Ali Racecourse, Emirates Hills, Springs, Meadows, Jumeirah Islands and Jumeirah Park. The road which extends about 20 km accounts for 14% of the total length of the Parallel Roads Project, comprising three to four lanes in each direction. The Project, which is being undertaken by Al Naboodah Construction Co, includes the construction of six bridges, and three underpasses at the back of the Eastern & Western Roads, in addition to several construction works covering utility lines, pavements, road signage & marking, lighting, sewage water, rainwater drainage and landscaping.
“The completion rate has reached about 60% in Phase III (A) at Jumeirah Lakes Towers; which links property complexes of Emaar and Nakheel companies in the area to the south of Sheikh Zayed Road between Interchanges 5 and 5.5. The Project, which is constructed by the Italian Todini Co, includes the construction of a 10-km long road of 3 lanes in each direction, 7 separate bridges, and one tunnel. This Phase, which accounts for 7% of the total Parallel Roads Project, also includes construction-related activities such as utility lines, pavements, signage, road marking, lighting traffic diversion, and the protection of the existing utility lines.
“The Contractor of the first contract of the Parallel Roads Project is nearing completion of the contract works which include construction of roads at Al Barsha, Al Qouz Industrial & Residential Areas stretching from Hissa Road in the south up to Meydan Road in the north in a total length of 15 km in the Eastern Parallel Road and 18 km in the Western Parallel Road. The roads comprise three lanes in each direction and several intersecting arterial and express roads such as Umm Suqeim Road, Latifa bint Hamdan Road and others. It also includes 25 signalized junctions in addition to other related road works such as irrigation, sewage, lighting and signage.
“The completion rate has hit 55% in Phase IV of the Project which serves Jebel Ali Free Zone, and Al Maktoum Airport. It comprises the construction of roads extending 22 km with two lanes in each direction of the Eastern and Western Parallel Roads,” said Al Tayer in a concluding remark.
Captions:
- Mattar Al Tayer attending to a briefing about the work progress in the project.
- Work in the project progresses according to the approved schedule.
RTA opens five new metro stations mid-October ,Al Tayer: Stations to open include Business Bay, First Gulf Bank, Sharaf DG, Nakheel and Jumeirah Lake
RTA opens five new metro stations mid-October
Al Tayer: Stations to open include Business Bay, First Gulf Bank, Sharaf DG, Nakheel and Jumeirah Lake Towers stations
22 trains deployed in peak time, 16 trains off-peak time
Service frequency 6 minutes in peak time, 8 minutes off-peak time
28 feeder buses to link the new stations with the neighbourhood
Roads & Transport Authority – Mohammed Al Munji:
The Roads & Transport Authority (RTA) is poised to open five new metro stations on the Red Line of the Dubai Metro, bringing the total number of stations opened to 26 stations.
“Stations to be opened include Business Bay, First Gulf Bank, Sharaf DG, Nakheel and Jumeirah Lake Towers stations, and the remaining three stations will be opened upon completion of real estate and investment projects around them; as they have been especially constructed to serve these projects in which construction works are still underway,” said Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA.
Al Tayer added: “Through the Metro operating company, RTA has finalized all trial technical tests of the metro; which included testing the communication systems, auto operation systems, power feed, air-conditioning, onboard electronic systems, lighting systems and the integration & coordination between various subsystems and components. RTA has also finalized the training of front-end and customer service employees deployed at the new stations to attend to various systems. These employees have already joined up their duties in different locations several days ago following the completion of intensive training courses in the fields of customer service, implementation of rules and regulations introduced by the RTA for safeguarding the project facilities, and the enforcement of law against offenders.
RTA Chairman of the Board and Executive Director confirmed that the new stations were ready to receive passengers. “22 trains will be deployed during peak time and 16 trains will be in operation during off-peak time, and the service frequency (headway) will be 6 minutes during peak time and 8 minutes during off-peak time. RTA has carried out site surveys covering the neighbourhood of all stations to be opened shortly and accordingly opened new bus routes to feed the metro stations. 28 buses are being deployed to link the metro stations with the surrounding areas and the service is set to run at 13-20 minutes frequency,” he elaborated.
Al Tayer commented on the criteria upon which the new stations have been selected for opening and said: “Stations have been selected based on the extent of population density in the locality served by each station so as to provide convenient services to the inhabitants in the neighbourhood, availability of commercial activities in the area served by each station, availability of government activities in the vicinity of each station, and the projected number of passengers at each station. Nakheel Station is one of the stations expected to be busy with commuters considering its proximity to the American University in Dubai, and the mega residential projects in the vicinity of the station,” added Al Tayer.
Commenting on the metro ridership Al Tayer said: “From 9/9/2009 to 9/9/2010, the Dubai Metro lifted 30.22 million persons and the daily ridership is estimated as 130 thousand passengers. This number is set to rise with the opening of the new five stations to as much as 150 thousand passengers, and the number of the metro users is poised to receive a further big boost with the operation of the Green Line in August 2011; which will serve vital areas with commercial & government activities and huge population density”.
“The huge investments pumped by the Government of Dubai to uplift the infrastructure of transportation sector has paid dividends and proved both successful and effective. The number of users of public transport means, including the Dubai Metro, public buses, water transport and taxis, is approaching one million passengers per day. There is also an improvement in the culture of using public transport by all segments of the community and the drive was particularly helped by the metro service,” stated Al Tayer.
“Using mass transportation brings about a host of benefits & advantages that include the physical & psychological comfort of the user, minimizing crashes, economizing on fuel & maintenance costs of private vehicles and ridding the public from the hassles of finding parking spaces for their vehicles; which has become a challenge facing most modern cities worldwide. Besides that, the use of public transportation effectively reduces environmental pollution resulting from the use of massive numbers of private vehicles,” said Al Tayer in a concluding statement.
Photo captions:
- Mattar Al Tayer
- Stations ready to receive passengers
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