Construction of The Address Residence Sky View, a 50-storey hotel, residence and serviced apartment twin-tower complex, in Downtown Dubai will commence in August this year with completion slated for August 2016, 'Emirates24|7' can reveal.
In a presentation given to its registered agents, Emaar Properties, Dubai-based developer, said handover of the towers will commence in December 2016 with Tower 1 having 326 serviced apartments with sales commencing on March 2.
The top floors of the Tower 1 will consists of "sky" apartments. No details were shared. Launch of Tower 2, which will be a hotel with 180 rooms and an observation deck, will take place at a later date, agents were told.
No specific details were given about the payment plan, but is most likely to remain similar to plan released for The Address Residence Fountain Views project.
At a height of over 230 metres, the Sky View tower will have 532 serviced apartments fully furnished with floor-to-ceiling windows and will be linked directly to the Dubai Metro and The Dubai Mall via a new air-conditioned travelator.
Spanning the tower complex will be a “Sky Bridge“, which includes a signature restaurant, ballroom, infinity pool with amenity deck that will offer 360-degree vistas of Downtown Dubai. The tower has been designed by Skidmore, Owings & Merrill, architects of the Burj Khalifa.
Emaar will hold the launch of the new tower simultaneously in Dubai and Riyadh on March 2.
'Emirates24|7' reported earlier that Emaar sold units in its Fountain Views project for Dh2,500 per square foot on average. The tower is expected to be completed in 2016
In September 2012, the developer had launched 72-storey The Address The BVLD hotel and serviced apartment tower, which includes 200 hotel rooms and 523 serviced residences. The tower is scheduled for completion in 2015.
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