GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
At a Cost of AED 82 million
 
United Arab Emirates, Dubai, September 11, 2019:  Union Coop the largest consumer cooperatives in the UAE has revealed through the Properties & Project Division to start the construction works of two commercial centers at a cost of AED 82 million in the areas of Al Badaa (Jumeirah) and Al Barsha Third. This is a part of Union Coop's framework to achieve one of its most vital strategic objectives i.e. to establish a world-class shopping facility that offers a unique shopping experience for the valued consumers. 
 
This has come during the signing of the contract of construction works with Al Shafar Civil Engineering Company to construct the two projects. The agreement was signed by H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, and H.E. Ali Bin Abdullah Al Shafar Chairman of Al Shafar Investment Group, in the presence of Eng. Madiya Al Marri, Director of Properties and Projects Division and H.E Saif bin Ali Al Shafar, CEO of Al Shafar Engineering Company, in addition to a number of executives from both sides.
 
H.E. Khalid Al Falasi, said, “The Union Coop has moved from building branches to building commercial centers with the aim of achieving the highest level of benefits to the shareholders and offering the best deals at competitive prices to the community members'. 'Union Coop is planning to expand to other Emirates during the upcoming years starting in the capital Abu Dhabi, Al Ain and then to the Northern Emirates'. Al Falasi Added.
 
For his part, H.E. Ali Bin Abdullah Al Shafar Chairman of Al Shafar Investment Group, said “We are delighted to deal with Union Coop to build two commercial centers in the Emirate of Dubai. He added that the company will take into account in the constructions of the two new projects the application of the latest and modern construction methods in sustainability and reduce carbon emissions, through implementing our vast experience in the field of constructions, and complete the projects within the set time frame. ' 
 
In details, H.E. Khalid Humaid Bin Diban Al Falasi said: “The first project located in Al Badaa - Dubai is a commercial center consisting of two basements, a ground floor and a first floor at a cost of AED 40 million and 39 thousand with a total Buildup area of 105,970 S.F. which includes 61 parking spaces distributed in the basement and ground floors.
 
The first floor includes a Union Coop supermarket. The expected time of project completion is December 2020.
The Barsha 3 project (Hessa Street) is a commercial center consisting of a basement, ground, mezzanine and first floors at a total cost of AED 42 million and 36 thousand with a total buildup area of 141,725 S.F. It includes 127 parking lots in the basement and first floors, and 12 shops & Union Coop Hypermarket are located in the ground and first floors. It is expected to be completed by December 2020.
 
20 projects underway
 
The CEO added that the number of underway projects amounted to 20 projects at a total cost of not less than 2.5 billion dirhams, noting at the same time that 10 projects will be completed in 2020 at a total cost of more than half a billion dirhams. Some of these projects are commercial centers and showrooms in different areas of Dubai such as Al Warqa 3, Al Barsha 3, Jumeirah First, Al Quoz 1, Nad Al Hamar, Al Barsha South First and other areas.
 



Posted by : GoDubai Editorial Team
Viewed 6388 times
Posted on : Wednesday, September 11, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Al-Futtaim Engineering & Technologies to present innovative Facilities Management solutions at FM Ex...
Next Story : Community Development Authority & Dubai Statistics Center launch Dubai's sixth social survey
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the ...
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individu...
Dubai Customs and Omani Counterpart Discuss Post-Covid19 Era
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair
Union Coop Al Barsha – 3 Commercial Center 40% Complete
The Best Omega Sunglasses For a Long-Awaited Summer
Trina Solar Publishes Its Vertex Module Technology White Paper, Unveiling a Bran...
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup
Foreo Reveals 5 Ways to De-Stress Your Skin
Innovating to Fight COVID-19: Four Ways Drones are Contributing
Special Edition Jaguar XE, XF & Range Rover Vogue Vehicles Arrive in UAE
SALAMA Announces AED 13.65 Million Profit for Q1 2020
DTTAG New Executive Committee to Manage Post Covid 19 Return to Normalcy of Travel
Celebrate EID with Special Offers on HONOR Smartphones
DFDC, FDF Hold Joint Webinar on Managing Stress and Anxiety Amid COVID-19
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfe...
SITA Steps Up Development of a Self-sovereign Identity for Air Travel
Ethical JLT Salon THT is Supporting those whose Jobs have been affected during ...
Ericsson's USA 5G Factory: Staffed by Professionals – Trained by VR
Airline Debt to Balloon by 28%
Emirates Post Unveils Modern New Website and Look
Al Tayer Motors and Premier Motors Honour UAE's COVID-19 Frontline Heroes
du Keeps Loved Ones and Families Connected During Eid Al Fitr With World Calling Pack
Sony Middle East and Africa and Gearbox team up to offer rental services of late...
80th Anniversary of Maserati's Targa Florio Victory Maserati Tests an Mc20 Proto...
Blue Ocean for Islamic Finance Industry
Commodity Weekly: Crude Oil Frets Geopolitics, Sluggish Demand Bounce
ATM Virtual to Focus on Potential Chinese Outbound Travel Market
FEM Collaborates with Arab Comedian Maya Acra to Address the Taboo Around the To...
Tips for Keeping Your Smartphone Clean
Sony Middle East & Africa Introduces New Digital Camera ZV-1, designed for Vlogg...
Danube Group Chairman Files Case With Dubai Police Against Scam Star for Faking ...
Kingston Technology Ships 7.68TB Capacity for Industry-Leading High-Performance ...
Lincoln Aviator Presidential Takes on Bumps and Dips, Turning Every Trip into a ...
WTTC Launches Safe Travels Protocols for Aviation, Airports, MICE and Tour Operators
Al Majid Motors Announces the Arrival of All-New Kia K5 Fastback Sedan in the UAE
GEMS Innovation Awards 2020 Recognise Young Innovators after Virtual Showdown
Twentieth “World Milk Day” Sees NFPC Innovate With New Products That Meet Changi...
Former UNWTO Secretary-General to speak at ATM Virtual
Al-Futtaim Technologies Implements Genesys Remote Working Solutions to Ensure Bu...
Glaucoma: Symptoms and Treatment
How Do You Rely on Your Smartphone in the UAE During the New Normal?
Telenor, Sony and Ericsson Team to Develop Smart IoT Healthcare Devices
Dubai Culture Welcomes More Than 2,300 Students in Virtual Guided Tours at Etiha...
Ras Al Khaimah Government Launches Integrated Stimulus Package to Support the Em...
Parmigiani Fleurier Toric Fleur
SCCI, SIB Hold Virtual Meeting to Discuss Banking Sector Trends to Face the Curr...
Understanding COVID-19's Impact on the Transport Industry
DGW holds meeting to review updated strategic plan aimed at supporting national ...