This mixed-use plot in Business Bay is a perfect choice for developers who are looking to build a residential tower, a hotel, or a project that combines several elements together. The only mandatory element is that it must have a retail element along the podium level.
The tower is allowed to have a maximum of 19 floors, plus the ground level. The plot covers an area of 45,000 sq ft and the GFA is approximately 234,200 sq ft. How the GFA is broken down depends on the intended use of the constructed property. Approvals must be obtained for the construction and to determine the maximum height of the tower.
Thanks to a location right by the canal, the plot enjoys direct access to an excellent selection of amenities and also has easy road access to the neighbouring Downtown district. With options for podium-level shops and restaurants, this could be one of the key destinations in Business Bay, and will undoubtedly be a sound investment.