Dubai Investments said 45 per cent of the grading work and levelling of the roads has been completed at its upcoming project, The Palisades, within the Dubai Investments Park.

The mixed-use project, which spreads over an area of 13 million sq ft, is being exclusively managed by Dubai Investments, through the Palisades Development Company. 

 The earthwork grading and levelling for the roads contract was awarded to the UAE-based Arabtec Construction and is expected to be completed by this September.

The project, which boasts a total built-up area of 22 million sq ft, offers a range of residential, retail, office and recreational attractions.

“The masterplan of The Palisades is aligned with current market requirements. The infrastructure within the project is being developed in phases at a total cost of Dh580 million ($158 million),” remarked Khalid Bin Kalban, the managing director and chief executive of Dubai Investments.