Al Taif Investment, a joint venture between Dubai Investments and Fujairah Investment Establishment, said work on its AED 470 million ($128 million) mixed-use landmark project, Al Taif Business Centre, is nearing completion.  

 

Dubai Investments said the final touches on the fit-outs was progressing steadily and the offices and the mall works are likely to be completed in the first quarter. 

 

The project, spread across two towers of 19 floors each, comprises the mall and the office tower and the hotel and hotel apartments tower. 

 

Al Taif Mall, the G+2 level shopping mall, is spread across both the towers and is equipped with the basement and a retail area comprising of 45 retail outlets including a supermarket in core and shell set-up, food outlets, restaurants with outdoor terrace facility and an addition of 12 stores located in the basement to be used by the retail tenants as a convenient and secured storage area. 

 

The mall is also equipped with retail parking spaces designed to accommodate over 670 vehicles, said Dubai Investments in its statement. 

 

It is located strategically within the town center in the Fujairah City adjacent to the Hamad Bin Abdulla street, granting easy connectivity across the city and the other emirates. The project is also located approximately 5 minutes from the Fujairah International Airport, it added.

 

Vice Chairman and CEO Khaled Bin Kalban said: "Our foray into Fujairah with our flagship project Al Taif Business Centre was strategically planned to tap into the evolving needs of the emirate."

 

"With this project, we are not only boosting and promoting the appeal of Fujairah as a retail and entertainment destination, but also contributing to be part of an ambitious program as outlined by the government, aimed at implementing strong economic and social foundations, revitalizing the emirate," stated Bin Kalban. 

 

Dubai Investments said the office spaces, located from the 3rd floor onwards upto the 19th are designed to provide spaces in core and shell set-up, providing options for tailor-made offices to suit varied requirements. 

 

The tower accommodates a total of 19 office spaces. The works on the hotel and hotel apartment tower is also progressing steadily and will be ready for handover in Q2 2021, it added.