Company Formation with Gold & Diamond Park

The Phase 2 Project

Dubai has established itself as the business, entertainment and service hub of the Middle East. Given the vast diversity of its economic activities and its diminishing dependence on oil revenues, Dubai has achieved superior and consistent growth in its GDP of 8% per annum. Through Emaar’s innovation and effective implementation, Dubai’s real estate sector has been a key driver in Dubai’s development, posting strong growth over the past several years. Continued double-digit growth in this sector will be fuelled by an increase in Dubai’s expatriate population coupled with the ongoing development of high quality real estate and commercial letting infrastructure all around the city, particularly in the areas of Jebel Ali and Jumeirah.

In order to benefit from this growth opportunity, Emaar Properties has approved the Gold & Diamond Park Phase 2 Project, with construction commencing this summer. The project will serve as a significant extension to the existing park.

• Land Area: 354,185 square feet>
• Buildings: Retail / Offices 1
• Offices with Showrooms: 3
• Manufacturing 2: (consisting of 154 workshops)

• 154 Manufacturing Units each measuring about 1,000 square feet, with its own independent Acid Room, and wash room. Each unit will also be equipped with access to central air-conditioning, gas, electricity and water supply. A Prayer room and a rest-cum-eating area for the workers will be located on the ground floor of the building. The building will have a sophisticated security and fire fighting system to give complete protection to both the tenants and the workers. The manufacturing units have been designed and will be purpose built taking into consideration the specific needs of the Jewellery industry.

• Three Office Blocks will each consist of ground floor showrooms and two stories of office space ( 200 offices ). The showrooms range in area from 6500 square feet to 9300 square feet. The offices range in area from 740 square feet to 2300 square feet. The common areas of the office blocks and the showrooms will be equipped with security and fire alarm system. A central food court accessible to the three office blocks will be situated on the ground floor in an open court yard area with the option of foldable glass panels.

• Visitors Retail Center consisting of a central open air courtyard surrounded by 52 retail units ranging in size from 288 square feet to 1164 square feet, a 3121 square feet coffee shop and a 2100 square feet full fledged restaurant. All retail units will be equipped with a sophisticated alarm system which will be connected to the Dubai Police Head Quarters in addition to a fire alarm system which will be connected to the Fire Brigade of the Dubai Civil Defense. The Retail Center will also have 2 floors of offices above the outlets consisting of 32 offices on each floor ranging in size from 390 square feet to 2315 square feet.

• Underground Car Park with the ability to take about 410 cars. It will be connected to the office blocks and the retail area by staircases and elevators.

• Above Ground Parking consisting of about 400 car bays around the buildings.