Major projects launched in Dubai including tallest tower on SZR
Dubai-based property developer, Al Sharq Investment, has announced today that they are launching six major projects in Dubai with a combined value of US$ 1.2 billion. One of their residential development projects is Al Sharq Tower, which once completed will be the tallest tower on Dubai’s Sheikh Zayed Road.
Positioned in the centre of Dubai’s business district, the 100 storey, 360 metre Al Sharq Tower consists of 268 luxury apartments. Designed by the internationally renowned Skidmore, Owings & Merrill (SOM), the iconic vertical resort has eight cylinders defined by a spiraling filigree structure, which will create a unique marker on Dubai’s main highway. Construction is due to commence in April 2007.
The package also includes the Rawasi and Nadra Towers in Business Bay. The 35 storey commercial Rawasi Tower offers 590,000 square feet of freehold office space and 58,000 square feet of retail space, in a prime location at the gateway to Business Bay. The project will be finished by September 2009 at a cost of US$ 140 million. The Nadra Tower consists of 30 storeys and will be ready for occupancy a full 12 months before its sister property Rawasi Tower. Aqua Dunya Resort, a water themed family entertainment destination spread across more than 60 hectares,