Dubai Maritime City (DMC), the world class maritime cluster in the heart of Dubai, today announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end iconic Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City and Mr. Sharafuddin Sharaf, Vice Chairman of Sharaf Investments & Mr. Mohammed Abdulrahim Al Ali, Chairman of the Board Al Ali Property Investment (API).
The project will begin immediately and the building, with an approximate allowable built up area of 1,384,496 sq. ft , will be redesigned and remodeled in a phased manner with the initial phase concentrating on the re-doing of the interiors based on contemporary interior design concepts and including the latest materials. The project will be completed within three years with the exterior façade of the building to become an architectural landmark. In line with promoting the maritime culture and ethos of Dubai, which is one of the key objectives of DMC, ship owners, ship management companies, marine protection and insurance and ship operators can rent or buy office space at preferential rates. This will in turn encourage the world maritime community to take note of the innumerable advantages of being based at the Residence in close proximity to a thriving maritime hub.
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