Construction will begin shortly on the mixed-use Gate Avenue project at Dubai International Financial Centre (DIFC) after Habtoor Leighton Group (HLG) was awarded the AED500 million ($136 million) contract.
Set for the first phase of completion by the end of 2017, Gate Avenue will include a series of indoor and outdoor themed areas and walkways.
With over 200 dining, boutique, retail and entertainment options, as well as an iconic new mosque, Gate Avenue will span across 660,000 square feet and 880m in total length.
Gate Avenue is already worth AED450 million with the existing truck tunnel and master plan infrastructure in place. Combined with the new contract, this will elevate the full development cost to an estimated AED1 billion, a statement said. More info
By Staff www.arabianbusiness.com