New Tower in Al Barsha by Dubai Investments Getting Ready for Handover in September 2020
Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments, has announced steady progress on the construction of the Al Barsha Tower located in the Al Barsha area in Dubai, with the project 95% complete and getting ready for handover in September 2020. The project is designed to provide an ideal mix of residential and commercial offerings with perfect facilities at a strategic location.
Obaid Mohammed Al Salami, General Manager of Dubai Investments Real Estate Company, said: “The Al Barsha Tower is DIRC’s first project in the Al Barsha area. With the opening of the Mall of the Emirates for more than a decade now, the Al Barsha area has now become a major commercial and residential hub with affordable housing options in Dubai. The area’s location and accessibility makes it a great choice for families. Offering an ideal mix of residential and commercial spaces, set amidst a metropolitan atmosphere, we are positive that the tower will provide an ideal living space, providing a perfect mix of residential and commercial options.”
Spread over an area of approximately 39,000 Sq.ft, the tower will comprise a mix of 278 residential units comprising off 132 studios, 122 one-beds and 24 two-bed apartments spread on 14 floors.
The tower also includes more than 22,000 Sq.ft of commercial area well-laid out to accommodate 7 retail outlets. The recreational facilities within the tower includes a gymnasium and a play area. Tower is also inclusive of 4 levels of covered parking for over 300 vehicles.
Situated within walking distance from the Mall of the Emirates and adjacent to the First Al Khail Street at Al Barsha 1, the tower is accessible by Sheikh Mohammed Bin Zayed, Al Khail, and Sheikh Zayed roads, providing excellent accessibility.
Over the years, DIRC has delivered residential, commercial and industrial assets across the UAE. DIRC’s residential projects in the UAE include projects such as the Mirdif Hills in Mirdif, Ritaj in DIP, and other residential and mixed-use buildings across the UAE.
Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.