Al Dar awards major contract for building in Abu Dhabi

ABU DHABI — Al Dar Properties PJSC announced yesterday that it has awarded the construction of a new office building in Al Muroor, Abu Dhabi, to Consolidated Contractors International Company, S.A.L.

By A Staff Reporter

Published: Sun 5 Jun 2005, 10:23 AM

Last updated: Thu 2 Apr 2015, 4:44 PM

The new building will serve as the headquarters for Mubadala Development Company, the UAE Offsets Group, and ERWDA. The building is also pre-let to a number of other premier blue chip tenants.

Designed by international architect Jung Brannen of Boston, the building will feature the very latest in building technology, amenity and services for its tenants within a 60,000 square meters gross building area.

A key feature will be the impressive heritage style entrance leading to a stunning atrium that will provide a dramatic sense of arrival and presence. Arranged over 10 floors of open plan office accommodation, the building will cater for the needs of its occupiers with the provision of raised flooring throughout a business and conference centre, a 150-seat auditorium, an ERWDA library, dining facilities, prayer rooms, a convenience shop, and a crèche.

Adjacent to the office building will be a 25,000 square meter ancillary building that will provide dedicated car parking for occupiers, a health club, and research facilities for ERWDA.

Commenting on this construction award, Ahmed Ali Al Sayegh, Chairman of Al Dar said: "This is another major development for Al Dar and it demonstrates our commitment to provide sustainable developments that meet the occupiers' requirements and needs."

"The construction tenders were very keenly priced and the final selection process was extremely difficult. We are delighted that CCC has been awarded this contract as they clearly demonstrated a professional commitment to build to our exacting standards and requirements." Al Sayegh added.

Construction works are to proceed next month on a fast track programme and are to be completed 21 months later.

Al Dar Properties PJSC is a premier real estate development, management, and investment company, headquartered in the capital. The company was formed as a result of an Initial Public Offering (IPO) of shares. The PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of the industry.

The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the central market, Al Raha Beach Development, the Mubadala Development Company - ERWDA Headquarter Building, Al Jimi Mall expansion in Al Ain, Jebel Hafeet Resort, and the Al Mudheef Urban Regeneration Scheme.

The company is owned by leading Abu Dhabi institutions, founder shareholders, and individual investors.

More news from Business