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Located in Business Park MotorCity , Control Tower is a 38 storey state-of-the-art office complex, offered on 100% freehold ownership basis.The tower faces the Dubai Autodrome track and is conveniently connected to the Marriott Renaissance Hotel and adjacent to the 3-storey spacious Automall, the automobile retail showroom. It will be the tallest building in Business Park MotorCity that will offer businesses an unobstructed office view of the race track and the whole of MotorCity development.

With a total of 38 floors, 13 retail spaces and 146 flexible office spaces starting from 3000 sq. ft. up to 14,000 sq. ft. the Control tower floor plans are designed to ensure optimal space management for greater working efficiency. An organisation can opt to take possession of a complete floor or up to four offices can be built on one floor. Control Tower’s Green building design encompasses efficient energy and water consumption, improved indoor air quality and reduced environmental impact. Control Tower features Fire Alarm System, Access Control System, Smoke Detector and Video Surveillance with CCTV, it will have the latest in technological conveniences including WIFI and Intelligent Building System, ample parking facility with 1,102 parking spaces, 8 high speed elevators and district cooling. Control Tower is in close proximity to the upcoming Al Maktoum International Airport, Jebel Ali Free Zone and other Dubai landmarks such as the Burj Al Arab, Mall of the Emirates and Palm Jumeirah.

Set to be a business address that is set to be the regional hub for the automobile and motorsports industries, businesses will access world class automotive facilities in addition to having the opportunity to live, work or be entertained within the same vicinity of MotorCity
 

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Discussion Starter · #14 ·
The podium level has alot of workers to do , the tower also with alot of missing of cladding ! still not completed yet ....


:D
 

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http://gulfnews.com/business/property/uae/union-properties-to-sell-auto-mall-development-1.1462213

Nice to see a realistic completion date at last!!

Dubai: Union Properties has decided to sell its Auto Mall development in Dubai Motor City for Dh525 million to a local entity, Texture Global Investments.
The developer had initially planned to hold on to the asset as part of a plan to develop its income generating side of the business. In fact, it had planned to recast the two-stores mall’s profile as one geared towards the automotive and accessories retail business into one that is more of a general purpose shopping facility. It was felt that doing so would fit in with the community needs of the wider Motor City development, which is steadily expanding its residential base.
It is not known what made the developer change its plan and now sell off the asset. But, according to market sources, the Dh525 million looks a good price to get for the mall, which will still need to go through the conversion process to turn itself into a community destination.
The mall will have as many as 150 stores across 450,000 square feet of leasable space. “we will not be part of the conversion project but will leave it to Texture to set the programme,” said a Union Properties spokesperson. “It is in line to be completed by late 2916.”
Union Properties had seen a sharp drop in its 2014 net profits, totalling Dh858.7 million, down from 2013’s Dh1.58 billion. Revenues were shaved by more than 50 per cent to Dh2.06 billion. The developer had said the lower net profits had to do with setting aside higher provisions.
“The sale proceeds from the sale of Auto Mall will be deployed in our other development streams,” the spokesperson added. The developer recently launched the third phase at Green Community, its flagship development.
The scrip closed 10 fils lower to Dh1.08. Over a 12-month period, the share is down by more than 40 per cent.
 
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