3.57 PM Tuesday, 19 March 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:07 06:20 12:29 15:54 18:33 19:47
19 March 2024

Dh200m mixed-use tower launched in Jumeirah Village

Published
By Staff

A UAE-based property developer has announced the launch of Al Manara Tower in Jumeirah Village Circle at a cost of over Dh200 million.

The project, launched by Tiger Properties, is expected to complete in 24 months, the developer said in a statement.

It added that construction work on the tower has already reached 20 per cent and once finished, the lifestyle development will be home to 300 residential units comprising studio and one and two-bedroom apartments.

The building will also house retail outlets and recreational facilities.

“Dubai is currently experiencing many positive developments at the economic level and these are supported by a host of success factors locally, regionally and globally. The UAE investment environment has become one of the most attractive markets for capital, trademarks and is a first-choice destination for multi-national companies,” said Taha Al Zoubi, CEO of Tiger Properties.

“The country has been able to strengthen its leading position at the top of the Edelman List in terms of confidence in the government and in the economy, surpassing global prominent markets that include China, Singapore, India and Indonesia,” he added.

“Today, the real estate market in Dubai is witnessing an increasing demand for residential units, which reflects the special status of Dubai as a premier destination of choice for families,” he noted.