Dubai Holding has launched the Emirates Towers Business Park, which will be developed at a cost of Dh5 billion ($1.36 billion) in an area between Sheikh Zayed Road and Happiness Street in Dubai, UAE.
Emirates Towers Business Park will boast a suite of office space, hospitality, commercial amenities and purpose-built infrastructure to support the growth of businesses. It is located within proximity to Dubai International Financial Centre (DIFC).
Construction on the business district will begin by the end of 2017 and is expected to be completed within four years. It will also include three five-star hotels, one of which will be managed by Jumeirah Group, while the other two will be managed by leading international hospitality groups. Moreover, the development will feature retail space with a range of international brands and food and beverage (F&B) options, a dedicated arena for events and ancillary facilities to support corporates.
According to Dubai Holding, the development will also boast public parks, green space, and two covered pedestrian bridges connecting to the DIFC. In addition to the Museum of the Future, which offers laboratories for innovation in different sectors, including health, education, smart cities, energy, and transportation.
Commenting on the launch, Abdulla Al Habbai, the chairman of Dubai Holding, said: “This new development reflects the wise and ambitious vision of our leadership and is in line with Dubai’s strategy of developing futuristic projects to meet the growing demand for integrated business districts and advanced legal infrastructure built on international standards of governance and transparency.”
Emirates Towers Business Park is developed through a mutual collaboration between Dubai Holding and DIFC.