Emaar unit bags district cooling deal
Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has appointed Emaar District Cooling (EDC) as the sole provider of district cooling services for its ambitious Town Square project
Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has appointed Emaar District Cooling (EDC) as the sole provider of district cooling services for its ambitious Town Square project.
A leading provider of full-spectrum services, EDC said as per the deal it will be the exclusive provider of district cooling services for a period of 30 years.
The Emaar unit will construct, commission and operate the district cooling plant, which will be built on a land leased on a Musataha arrangement basis with Nshama. It will also manage the supply of the service to end-users including billing and maintenance.
Dubai’s first-of-its-kind smartly designed, stylish, green neighbourhood, Town Square is the flagship project of Nshama that has earned overwhelming response from end-use home-owners led by the highly competitive and affordable price points of its residential apartments and townhouses.
Anchored by a central square, the size of 16 football fields, Town Square features a wide array of modern amenities including the Vida Town Square Dubai Hotel and a Reel Cinemas cineplex and open-air cinema.
In addition to a 2.5 million sq ft retail precinct featuring over 600 stores and food and beverage (F&B) outlets, Town Square also has day-care facilities, playgrounds, play zones for all ages, swimming pools, fitness centre, athletic spa, interactive water features, skate parks, running trails, cycling trails, adventure zones, modern medical facilities and splash parks.
Nshama CEO Fred Durie said: "Town Square has established itself as one of the most sought-after and trendy end-use residential developments in Dubai. With construction progressing as per schedule, we are laying the foundations for a full-service lifestyle neighbourhood that will welcome the first residents with amenities in place."
According to him, EDC has proven expertise in providing district cooling services especially in Downtown Dubai, the prestigious lifestyle development.
"The partnership will bring tremendous value to our residents through reliable, efficient and sustainable cooling services delivered to every home in Town Square," he stated.
Danyal Hatock, the EDC general manager, said the partnership with Nshama to deliver cutting edge district cooling services for Town Square is a strong testament to its unmatched competencies in delivering seamless services across large mega-developments.
"With over a decade of service excellence, EDC has built a strong reputation and portfolio underlined by consistent efficiency, quality and sustainability. Our services for Downtown Dubai highlight our ability to address the needs of integrated communities such as Town Square," noted Hatock.
"We are committed to delivering the best in services and to demonstrating our expertise and experience in the provision of district cooling supply in the UAE through this new project," he added.
Town Square is located in New Dubai in close proximity to Arabian Ranches Golf Course, Dubai Polo & Equestrian Club and Al Maktoum International Airport, near the site for the World Expo 2020.
The development will feature over 3,000 townhouses and over 18,000 apartments as well as substantial retail, hospitality and commercial space. Town Square has a high land-to-building ratio, with more open spaces for a greener community