First phase of Dubai Maritime City’s commercial and residential districts completely sold out
Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of Companies, has announced that it has recently sold out the first phase plots of the massive maritime complex’s commercial and residential districts to leading international developers and contractors.
"The sales performance of the first phase exceeded our expectations; with the huge response owing to the huge value of the project in terms of its creativity and excellence, as well as being the first of its kind in the region and in the world. We are pleased to see the project steadily realising its economic potential, which is even more proof of this maritime city’s success," said Amer Ali, CEO, Dubai Maritime City.
Work on the various residential and commercial projects within the Maritime City will commence in the near future, with developers required to secure green building certification for their projects in line with the development policies and strict environmental standards of Dubai Maritime City. The key focus of the green building design will include energy consumption conservation measures such as reduced use of non-renewable sources; reduced production of waste pollutants; maximized opportunities for passive ventilation and cooling; and enhanced indoor environmental air quality.
The first and second phase of Dubai Maritime City’s construction has been completed on schedule, with the 1.2 kilometre six-lane causeway connecting the mega project to Dubai fully complete, while around 50 per cent of the industrial precinct in the City is now operational, and managed by Jadaf Dubai.
On completion, DMC will encompass Harbour Offices, Harbour Residences, the Maritime Centre, an Academic Quarter, a Marina District, and the industrial quarter managed by Jadaf Dubai. DMC will also showcase the UAE’s first National Maritime Museum, a range of iconic infrastructure, and the Gulf region’s largest ship lift for ship repair and maintenance. Moreover, DMC offers investors attractive incentives such as free-zone benefits, responsive government support, a tax-free business environment and an effective port structure.