Construction work on two projects of Reef Real Estate Investment has started with the ground-breaking ceremony held recently.
Foundation was laid on for Baynonah Business Towers in Jumeirah Village and Park Residence in Downtown Jebel Ali and the work is expected to be complete by 2011.
Sheikh Ahmed Mohamed Zayed bin Saqr Al Nahyan, Managing Director, Reef Real Estate, said: "It is a very special day for us as we lay the foundation for Baynonah Business Towers in Jumeirah Village and Park Residence in Downtown Jebel Ali – two of Dubai's most exceptional commercial and residential developments."
Baynonah Business comprises 21 typical office floors. Park Residence features 13 floors, four podiums, ground floor and basement. One part of the building is intended for bachelors and offers only studios.