NewsTower
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...
Al Madar launches Suhail Tower
Al Madar Investments, a leading property developer in the GCC and part of the Al Madar Group, has today (day, date, 2008) announced the launch of the Suhail Tower, an AED 1.4 billion residential project located in the Madinat Al Arab area of the Dubai Waterfront. On completion in late 2011, the 47 -storey...
Tiger Properties delivers Jumeirah Lakes Towers
Tiger Properties has announced the delivery of its high-calibre landmark development, the 40 storey Jumeirah Lakes Towers. The company’s facilities management arm, having newly been formed intends to serve the 500,000 square feet development. “The completion of this high-calibre project, is testimony...
Premier launches Twin Towers in Jumeirah Village Circle
Premiers Property Developers Limited, a company of Premiers Group will be launching Premiers Twin Towers, a project worth Dh 1bn situated in Jumeirah Village Circle later this month. The Premiers Twin Towers is a prestigious signature development consisting of 3 Basement + Ground, + 4 Podium + 33 Residential...
