Executive Towers to be delivered in Q4 - Emirates24|7

Executive Towers to be delivered in Q4



Master developer Dubai Properties on Thursday said it will deliver the Dh3 billion Executive Towers in Business Bay in the fourth quarter of 2008.

Work is proceeding simultaneously on all 11 buildings of the project, it said in a statement, which include nine residential units, the Aspect Tower, and the Business Bay Hotel.

The development’s outdoor component, Bay Avenue, is also on its way to delivering 175,000 square foot of retail space as well as waterfront terraces, it said.

Dubai Properties’ first project in Business Bay, the region’s new business capital, will also be the second major project to be handed over by the developer following the release of Jumeirah Beach Residences in 2007, handing over 6,000 apartments.

Yaqoob Al Zarooni, Deputy CEO, Dubai Properties, said: “While we are committed to adhere to our delivery schedule, we are equally keen on providing our investors with latest updates on each project. The feedback we have received from our partners and contractors has been positive.”

He said: “With 5,400 on-site workers, we are delighted to inform that our ambitions for the Executive Towers will soon achieve fruition. The towers and the lifestyle they represent are geared towards people who celebrate success and an intelligent way of life, and we are confident the development will set new benchmarks in the industry.”

With two-level shopping mall, clinics, health clubs and many other state-of-the-art facilities, the Executive Towers will boast a contemporary design and architectural theme reflecting Dubai’s progressive outlook.

The main contractor for Executive Towers is Al Habtoor Engineering, while the Business Bay infrastructure is being handled by Halcrow Engineering.