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The emirate of Fujairah is soon going to be home to a prime commercial development, the Fujairah Business Centre. Expected to be a landmark commercial and hospitality hotspot for the emirate, it will be a mixed-use property consisting of two towers.
Spread over an area measuring 80,058 square metres, the first tower will be a 19-story structure consisting of office space and retail space for a shopping mall and prime retailers.
The other tower will be a 22-story hotel comprising 228 rooms and apartment units. A car park equipped to hold over 800 vehicles will also be constructed in the vicinity.
The project is a joint venture between a profitable investment company and the Fujairah government. It is set to be built at the Fujairah town centre at an estimated cost of Dh400 million.
As financing and other key modalities have been taken care of, the Fujairah Business Centre is expected to be finished within a three-year deadline.
Besides, an exclusive district cooling plant will be installed in the area to keep pace with its cooling needs.
As large areas of Fujairah still remain untapped, the Fujairah Business Centre is being touted as a major development that will garner business interest to this small emirate.
It will not only open up avenues for new business opportunities, investment potentials will also go up once the centre is completed.
Overseas players, on the other hand, can make use of the world-class hospitality offered by the hotel while completing business endeavours at the commercial tower.
• Fujairah Business Centre will comprise office and hotel towers
• The centre will also offer many retail and entertainment facilities
• A district cooling plant nearby will take care of its cooling needs
Source: Shabnam Mondal, Special to Properties
The writer is a freelancer