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Construction of Dh800 million Dubai Wharf is 70% complete

Dubai Properties (DP), a Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, announced that the construction at the 800-million dirham, Dubai Wharf development in the heart of Culture Village is 70 per cent complete.

Overlooking a canal promenade adjacent to the historic Dubai Creek, the first tower will be completed in November 2016. Two other towers in the sought-after modern residential development are scheduled for completion in the first quarter of 2017, while the fourth tower and the development’s retail space will be completed in fourth quarter of 2017.

In response to the huge customer interest and high investor demand for residential units in Dubai Wharf, DP is offering a Dubai Land Department (DLD) special offer in which it will pay the 2 per cent DLD fee for investors until the end of 2016.

Abdullah Abu Shabeib, Senior Executive Director, Customer Care and Government Relations at DP said: “In line with DP’s commitment to reinforcing Dubai’s international position as the location of choice in the region for business and tourism, the timely completion of the Dubai Wharf development will further meet the growing housing and leisure demands of Dubai’s rising population.”

“The development is designed to enhance living experiences, with sustainable infrastructure, ample amenities, unparalleled security and safety, and fantastic connectivity throughout the development and to the beautiful city of Dubai.”

The Tower 3 works are 100 per cent complete, ready for the handover scheduled to start in November 2016.
Façade works in Tower 1 and 2 are progressing fast, while the building envelope for Tower 2 has reached 85 per cent completion. Internal and podium finishes for Tower 1 and 2 are progressing well with approximately 79 per cent of finishing works completed in Tower 2. Ceramic flooring in both Tower 1 and Tower 2 have been concluded.

Dubai Wharf’s 594 studio-, one-, two-, and three bedroom apartments will all feature deluxe surfaces with high quality porcelain ceramic tiles, wooden doors, and marble and granite topped work surfaces and vanity counters. The residential towers have a unique contemporary design with a stone exterior.