Habtoor, Jaber land $200m deal
01 September 2005
Dubai International Properties has awarded the joint venture of Al Habtoor and Al Jaber contracting firms the construction contract for the $200 million Dubai Towers project in the West Bay area.
The 400-m-high Dubai Towers will offer high-end retail, state-of-the-art offices, a five-star hotel as well as top quality apartments. Covering a total of 2.35 million sq ft, the development is due for completion in 2007. The upscale property will be leased out and marketed by DTZ.
The landmark mixed-use, 88-storey development consists of a podium to house retail outlets, restaurants and leisure facilities. It will house offices and 500 apartments from the 20th floor upwards.
The complex will house five functional areas: a hotel, furnished apartments, unfurnished apartments, offices and a shopping mall. The hotel and the furnished apartments will be operated by the Dubai-based Jumeirah International and will cater mainly to high-end business travelers.
The orientation and geometry of the tower will offer magnificent views of the sea and the sloping roofs and angular glass facades will glow and sparkle as they capture the changing sunlight at different times of the day.
The project will include a health centre, gym, restaurants, and a well-equipped business centre with high-speed internet connection, parking lots, security services and 24-hour maintenance system.
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