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 >> Banking and Investments

 
  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 6351 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 : Abu Dhabi Global Market awards CAT 1 Bank status to the Worlds' first licensed Digital Trade Bank
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
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation...
Olay Eyes Hydra Gel
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protectin...
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more th...
Maillon De Cartier Watch
Dynabook Refreshes Portégé X Series With Latest Intel® Core™ Processors and Priv...
Kristina Fidelskaya A/W 2020 Collection “Dream”
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign
Union Coop: AED 46 Million Project in Umm Al Quwain
Your at-Home Spa Guide With Skin Republic
Ashley Graham for Marina Rinaldi – Ss 20
Emirates Resumes Passenger Flights to 9 Destinations, including Connections betw...
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the C...
Don't Make A Slow Recovery More Difficult with Quarantine Measures
Dubai Customs: Strategic Plan to Curb Corona
Happy Eid with Parmigiani Fleurier Toric Fleur
Smart Cooking to Save Time With Lg Appliances This Ramadan
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advan...
Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, According...
Medcare Women & Children Hospital Offers Peace of Mind to Families and Mums-to-B...
Al Zahia Supports Underprivileged Families With Electronic Tablets for Remote Le...
Game for Anything: the All-New Toyota C-HR Lands in the UAE With Unmissable Dist...
BSH Middle East FZE Stands in Support with the Dubai Health Authority Amidst COV...
Saxo Bank Market update: Copper and Silver Focus
Aviation Tops the Agenda at ATM Virtual
Dubai Customs Launches Virtual Assessment Center During Outbreak
Etihad Holidays to Be Operated by Dnata Travel Group In the UK
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis
Euronews Speaks To Dubai Businesses Adapting to Support Global Needs Due to COVI...
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre
Instagram Partners with TBWA Raad and Egyptian Food Bank to #Stopfoodwaste
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate
Denim Culture
Positive Glimpses of Prayer and Fond Memories Win Xposure #homecaptured Global C...
ICBA Launches New Community Initiative on Zayed Humanitarian Day
Emirates Post Launches ‘Epostcard' to Connect Friends and Families
Abu Dhabi University Creates Face Shield Prototype to Support the Local Healthca...
Lenovo's Tech Gift Guide
du Customers Benefitting From the Fastest Fixed Broadband Services in the Gulf Region
Arab Bank Group Reports First Quarter 2020 Net Profit of $147.6 Million
Hospital to Organize a Live Session on Managing Hypertension During Pandemic
Al Wahda Mall is Now Open for Its Customers in Compliance With the Health and Sa...
Commodity Weekly: Gold and Silver Pop as Economic Clouds Darken
A Unique MC20 Prototype Dedicated to Sir Stirling Moss Testing of the Trident's ...
Etihad Guest Rewards Members While Staying Home
UAE Banks Among Top Performing in GCC, KPMG Report Finds
Reduced Demand for Global Oil Supply May Be Permanent
Dubai Customs and Spanish counterpart convene by video conference on trade and c...