The Badr Project is a self-contained residential community built on DIB-owned land. It consists of five distinct zones with apartment buildings as well as a number of villas and other community buildings and recreational facilities. The project is situated at the intersection of two key traffic arteries, Sheikh Mohammed Bin Zayed Highway E311 and Al Khawaneej or Airport Road, giving it easy and quick access to most of Dubai and to routes of other UAE cities. Phase 1 is located centrally within the overall project, adjacent to a central park with mixed-use and retail facilities.
The community will have a Mediterranean theme, inspired by elements of Andalusian, Spanish and Italian architecture that marries the urban environment experience with a focus on encouraging outdoor activities and healthy living through its well-connected facilities. The master development, Badr, with a total built-up area of 13.8 million sq ft will be developed across five phases and the first phase with a built-up area of 2.2 million sq ft is expected to be completed by 2018.
Al Hamli said: “Following a thorough tender process to identify the right construction partner, we selected ECC LLC as the lead contractor to bring the Phase 1 of this project to completion. With regard to Badr, we are confident that given its location, quality of project, attractive price points, it will be high on the priority list of investors. ”
“At Dubai Islamic Bank, we are deeply committed to investing in the long-term development of Dubai’s infrastructure,” said Dr Adnan Chilwan, Group CEO, DIB. “This initiative is, yet again, an indication of our belief in the strong fundamentals of UAE’s economic landscape and its ongoing appeal to both local and international investors.”
“Moving forward, by leveraging our vast experience and knowledge, we will continue to support Dubai’s ambitions and aspirations in the lead-up to Expo 2020, building a climate that not only fuels global commercial interest but also attracts residents who want to make the emirate of Dubai and the UAE their permanent home,” he added.