Iris, a real estate developer, has reported more than 60 per cent sales in its Iris Crystal commercial project in Business Bay.
Ashwin Sheth, Chief Executive, Iris, said: "We are delighted with the response received from investors and business-seekers to Iris Crystal over a very short period of time." Iris Crystal will have more than 116 offices on 300,000 square feet of prime community real estate. The 25-storey office tower will offer freehold office spaces ranging from Dh3,000 to Dh3,400 per square feet. Construction is set to commence in July and the project is scheduled for completion in the fourth quarter of 2010.
Iris' next project will be launched in July, which will be a Dh2 billion residential development in Dubai Maritime City.