Dubai Real Estate Development Company has launched the Capital Dubai Mall – its latest projects in the New Administrative Capital. With investments exceeding LE1 billion, the project is in a privileged site in the NAC’s R7 Region and has a direct view over the central axis and the tourist walkway (Champs Elysées), a senior company official said.
Engineer Abdel-Fattah Al-Murr, Chairman of the Board of Directors of the company, added that the commercial and entertainment complex is considered the largest mall in the region and serves 42 compounds.
Implemented on 3.5 feddans with a building area of 5,700 square meters per floor, the building consists of 2 basements, a ground floor and two upper floors, he said.
He added that the company has developed flexible and multiple payment systems, including 10% down payment and 6 years installment, and 15% down payment and 7 years installment, in addition to 20% down payment and 8 years installment.
Eng. Ahmed Abu Hussein, a company official, explained that a contract with Hafez Consulting Office has been signed to complete the engineering and construction designs for the project.
Abu Hussein revealed out that the company seeks, in the coming years, to continue transforming and developing the meaning of life through its projects containing mission and content.
Ahmed Shaker, head of the commercial sector, added that the company has, in 1997, created the idea of real estate development and integrated civilized communities in Damietta.
“Since that year, we have completed more than 140 projects in various governorates,” Shaker added, unveiling that the company owns a large land portfolio in the new capital, through which it aims to implement a series of projects.
The company’s investment in the NAC is in line with the state’s development policy in taking care of the fourth generation cities.