Construction work on The Onyx, a three-tower mixed-use development in Dubai, is being implemented on a fast-track basis to enable its completion in late 2015, according to its UAE-based developer Ishraqah for Development.
Two of the towers of the major freehold development, which is located near the Greens and Emaar Business Park on Sheikh Zayed Road, have reached the ninth-floor level with the third tower having reached level four.
“Construction work on The Onyx is in full swing and we are working very closely with Al Shafar General Contracting (ASGC), the project’s main contractor, to ensure that we are on course for project completion by early fourth quarter of 2015,” said Ammar Sweis, the CEO of Ishraqah for Development.
The Onyx, which is being built at a total cost of Dh1.3 billion ($354 million), will have a total built-up area of two million sq ft and a plot area of 237,000 sq ft.
The project consists of two office towers and a four-star business hotel, in addition to a three-storey podium of restaurants and retail shops covering an area of nearly 80,000 sq ft.
Ishraqah recently awarded two major contracts relating to work on the development. Under the first deal, Finnish elevator manufacturer Kone will supply two escalators and 24 high-end elevators to service the development.
The second deal was secured by architectural façade specialist Alumco, which will provide an aluminium glazed curtain-wall system.