Business Avenue To Be Ready By Year-End By Al Mazaya

Business Avenue is ideally located in Jumeirah Lake Towers. This Dubai real estate project consists of three 44 storey commercial towers which has a total worth of Dh1.25 billion. Al Mazaya Holding is one of the distinguished real estate development companies headquartered in Kuwait. The company offers products and services in various related fields. Moreover, Mazaya is one of the first companies that have launched a comprehensive real estate index in the GCC. The company has announced that around 65 percent of the construction work has been completed on Business Avenue.

This real estate development company has positioned itself in the Middle East property market. There are various projects including residential buildings, deluxe villas and other high class commercial projects such as industrial developments.

Moreover, finishing work has already started on the parts that have been completed in the project. Senior Vice-President of construction at Al Mazaya in Dubai, Fathi Al Dhameri, said: “Construction works at Business Avenue project is progressing well and according to schedule, despite some challenges faced during recent times. We are committed to delivering the project by the end of the year, and to highest quality standards." According to him the progress at Business Bay serves a great response. This has created a boom for the office sector in Dubai and those who believed that office sector has no future are stunned by this construction.

Fathi Al Dhameri further added “We believe that the office sector in the GCC and Dubai in particular, will definitely recover from the drawback it witnessed during the global financial crisis. Dubai is focusing on diversifying its sources of investments and attracting more companies and individuals to retain its leading position, which in turn will increase the demand for office space as companies require headquarters and facilities in the emirate.”