Tower

MAG 218 Ready For Handover

The MAG 218 residential tower, built at a cost of AED450 million and consisting of 555 apartments spread over 66 floors, is now complete and ready to be handed over to residents following the official opening ceremony yesterday (Saturday 15 May). Commenting on the handover, Mohammed Nimer, CEO of MAG... 

Capitala Highlights Rihan Heights Progress At Cityscape Abu Dhabi 2010

Capitala announced today on the back of Cityscape Abu Dhabi 2010, significant progress for Rihan Heights, the first residential phase of its maiden project – Arzanah. Arzanah, Capitala’s flagship project, is a 1.4 million square metre development encompassing residential, retail, commercial,... 

Kuwaiti NREC launches Dh1.2bn project in Abu Dhabi

Kuwaiti developer, National Real Estate Company (NREC), is set to develop a Dh1.2 billion four-tower residential waterfront project called Carina Views on Najmat Abu Dhabi in Al Reem Island. The project consists of four 22-storeys residential towers with 684 units in all. The project is intended for... 

Buyer awarded refund for off-plan investment

An investor in the Niki Lauda Twin Towers in Dubai was recently awarded a refund by Dubai Courts. Ron Oakley, a British investor, bought two units in the off-plan project launched by the german developer, ACI, in late 2007. In March 2009 he filed a lawsuit against ACI, trying to recover his investments... 

Buyers in Ivory Towers fear money is gone

The much-delayed Ivory Tower in Dubai has come yet another step closer to cancellation as development has stopped and consultants are called back to Sokook’s offices in Deira. The tower is nearly two years behind schedule and buyers now fear their investments is long gone and never to be seen again. Ivory... 

Handover begins on Palm Jumeirah

The handover of apartments at Marina Residences on Palm Jumeirah will begin this month, The National reported. Located at the tip of Palm Jumeirah’s trunk, this residential complex of six towers comprises 980 apartments, all of which are sold out. At the same time, construction on Gateway Towers,... 

DAMAC’s Park Towers close to completion

DAMAC’s iconic twin-tower development in Dubai, Park Towers, reaches its final floor, DAMAC announced on Thursday. The two towers top out at 46 floors, not 30 as previously expected. The towers, located in the Dubai International Financial Centre, will also set aside the first five stories for... 

Meraas halts work on 1-Dubai tower

Meraas Development has halted construction work on 1-Dubai tower in Jumeirah Gardens, MEED reported. According to an unsourced report, Samsung Engineering and Construction has stopped providing pre-construction services for the 1-Dubai tower, estimated to be more than 600 meters tall. The plans for another... 

Mohammed Bin Zayed City Towers to pioneer a new model for development

The Mohammed Bin Zayed City Towers in Abu Dhabi will pioneer a new model for development, according to KEO International Consultants’ Urban Development Division in Abu Dhabi. The master plan developed by the Abu Dhabi Municipality and KEO will outline sustainability and quality standards that the... 

Rose Tower

Located on Sheikh Zayed Road, Rose Tower by the Abbco Group boosts 333 metres (1094 feet) in the air. Spread across its 72 storeys, you will find laundry facilities, a business centre, car limousine rental, 480 studios and suites, a fitness centre and a swimming pool. Rose Tower was originally to be...