01 November 2005
A consortium of German companies will develop a $70 million residential project called Cube in the Dubai Sports City.
The Cube project, led by Trend Capital, a German issuing house, is believed to be the first example of German investment in Dubai's real estate. Details of its design will be announced when the apartments go on sale in November but the cutting-edge design will stand out in the environment, according to the architectural firm behind the project, BRT from Hamburg.
Engel & Völkers, the European-based luxury real estate group, is bringing the Cube to the market. While BRT will continue overseeing the design of the tower, BMG, a Berlin-based company, was selected as the contractor.