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DIRC residential project set for December completion

20-02-2019

Dubai Investments Real Estate Company (DIRC), a subsidiary of leading diversified investment company Dubai Investments, has announced that 25 per cent of the work has been completed at its new residential tower coming up within the 38,917-sq-ft Al Barsha 1 development.

Situated within walking distance of Mall of the Emirates, The Al Barsha 1 boasts 399,453 sq ft of residential and commercial area, with a mix of 278 units comprising 132 studio, 122 one-bed and 24 two-bed apartments over 14 levels and a ground floor.

It is on a strategically located crossroads, accessible by Sheikh Mohammed Bin Zayed Road, Al Khail Road and Sheikh Zayed Road.
 
With the excavation and substructure work on the project already 100 per cent complete, the project is on track for completion by this December, said the developer in a statement.

The upcoming project, located adjacent to First Al Khail Street at Al Barsha First, also includes 22,988 sq ft of commercial area for seven retail outlets, along with a gymnasium, recreational facilities, play area and four levels of covered parking for over 300 vehicles.

After 36,920 cumulative man hours from May 26 to the end of December 2018, the fixing of the structural steel column is complete on the ground floor while half of the slab beams and 40 per cent of rebar, formwork and concrete work is finished.

Obaid Mohammed AlSalami, the general manager of DIRC, said: "The Al Barsha 1 project will provide a fresh mixed use between residential and commercial offerings and excellent facilities at a strategic location that benefits the residents and the city."

"This project is another example of the quality, service and realty solutions that DIRC brings to customers – modern living at affordable prices, as we continue to set benchmarks in excellence within the industry," he added.   

DIRC had appointed Fujairah National Construction as main contractor for all construction work on the project. Al Barsha 1 is just one of a number of real estate projects adding to the Dubai Investments Real Estate portfolio, said the developer.

Other examples including Mirdif Hills, a mixed-use residential, commercial and retail development spread across 3.9 million sq ft which includes a four-star hotel and 230-bed hospital, and Ritaj, a residential community over 2.5 million sq ft and 11 residential blocks, which is located in the heart of Dubai Investments Park, it added.

DIRC’s portfolio includes a wealth of residential and mixed-use developments plus warehouse, staff accommodation and land bank in strategic locations across the UAE. Residential towers are located in Al Nahda and Jumeirah Village Circle, with mixed-use buildings in Al Qusais, Meydan and Abu Dhabi.-TradeArabia News Service




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