Page 88 - BT PROPERTIES PR REPORT - MAY 2025

6/3/25, 1:46 PM Dubai’s BT Properties to issue main construction tender for WAADA in Q4 2025
The tendering process is aligned with our delivery roadmap, with enabling works already underway. The main contract tender is scheduled for the
fourth quarter of 2025. We are engaging with industry-leading contractors to ensure a robust delivery mechanism.

Who is the architect of the master development? When did you start working on the project?

Our architectural partners are globally renowned firms with deep experience in large-scale urban planning. The design process began over two years
ago, driven by a desire to craft a timeless, emotionally resonant living environment.

When do you intend to hand over the first phase of the project? When will the entire master development be completed?
The handover for phase one is scheduled for fourth quarter of 2028. The complete development will be delivered in strategic phases over the next
several years, ensuring quality and adaptability.

What will be the sustainable elements of the mega development?

WAADA is a green city in spirit and structure, with 40 percent of its area dedicated to green spaces. We have integrated water management systems,
smart energy design, walkability features, and wellness-focused infrastructure to deliver a future-ready community aligned with Dubai’s sustainability
goals.

How much land bank do you own in the UAE?

We are actively exploring opportunities across Dubai and the UAE. Our land strategy is designed to support a multi-decade vision.

Are there any plans to enter other emirates and markets in the Middle East?
Absolutely. The UAE is a core focus, and WAADA is only the beginning.

What is your outlook on the off-plan real estate market in the UAE, particularly Dubai?

We are very optimistic. Dubai’s real estate market is highly mature, with strong regulatory policies and oversight, investor confidence, and
demographic growth. Off-plan sales remain a key pillar, particularly when anchored in trust, transparency, and quality — all values we deeply believe
in.

(Reporting by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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