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Dubai Properties’ Dubai Wharf Development In Culture Village More Than 70% Complete
(14 November 2016)

 

Dubai Properties (DP), the leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, today announced that the construction at the 800-million dirham, Dubai Wharf development in the heart of Culture Village is 70% complete. Overlooking a canal promenade adjacent to the historic Dubai Creek, the first tower will be completed in November 2016. Two other towers in the sought-after modern residential development are scheduled for completion in Q1 2017, while the fourth tower and the development’s retail space will be completed in Q4 2017. In response to the huge customer interest and high investor demand for residential units in Dubai Wharf, DP is offering a Dubai Land Department (DLD) special offer in which it will pay the 2% DLD fee for investors until the end of 2016.

Speaking about the announcement, Abdullah Abu Shabeib, Senior Executive Director, Customer Care and Government Relations at DP said: “In line with DP’s commitment to reinforcing Dubai’s international position as the location of choice in the region for business and tourism, the timely completion of the Dubai Wharf development will further meet the growing housing and leisure demands of Dubai’s rising population. The development is designed to enhance living experiences, with sustainable infrastructure, ample amenities, unparalleled security and safety, and fantastic connectivity throughout the development and to the beautiful city of Dubai.”

The Tower 3 works are 100% complete, ready for the handover scheduled to start in November 2016.

Façade works in Tower 1 and 2 are progressing fast, while the building envelope for Tower 2 has reached 85% completion. Internal and podium finishes for Tower 1 and 2 are progressing well with approximately 79% of finishing works completed in Tower 2. Ceramic flooring in both Tower 1 and Tower 2 have been concluded.

Dubai Wharf’s 594 studio-, one-, two-, and three bedroom apartments will all feature deluxe surfaces with high quality porcelain ceramic tiles, wooden doors, and marble and granite topped work surfaces and vanity counters. The residential towers have a unique contemporary design with a stone exterior featuring a large proportion of glazing and wooden textured shading used to soften the overall look and feel while playing a functional role of improving the building’s climate control.

Following the success of the release of the second phase development and due to popular demand, additional studios and apartments within the development are now available for sale at the DP sales and customer services centre in Ras Al Khor.

To mark the occasion DP will be offering a special 2% Dubai Land Department charges waiver. To avail this offer, prospective buyers are invited to visit the DP sales and customer centre in Ras Al Khor on 17 November 2016.

Designed to enhance living experiences, with sustainable infrastructure, ample amenities, unparalleled security and safety, and excellent connectivity throughout, Dubai Wharf comprises of a private recreation area for residents including a state-of-the-art gym and swimming pool, as well as green spaces for a relaxed living experience.

Dubai Wharf, which is conveniently located near Al Jaddaf Metro Station and is easily accessible from Al Khail Road/Business Bay Crossing and Al Jaddaf Road, offers 110 retail, F&B and entertainment outlets on the ground floor that overlook the canal at Culture Village to provide a spectacular experience for both residents and visitors alike. The development acts as an attraction and a destination hub for both shopping and entertainment and is set to complement and boost the reputation of Dubai on the world shopping and culture map.

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