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18 July 2024

Tiger Properties commences handing over Dana Tower apartments

By Staff

Tiger Properties has announced that it has commenced handing over the keys of its residential units to customers of apartments in its new project, Dana Tower, which is located in the prime Jumeirah Village location.

The new development worth Dh140 million covers a total area of 250,000 square feet, with the real estate company recently receiving its certificate of completion from the Dubai government.

Dana Tower is a 20-storey building comprising 160 residential units, ranging from studio to one and two bedroom apartments. The development includes a three-storey underground car park and features 10 commercial retail outlets available for leasing. The facility also features a swimming pool, health and a sports club for residents.

"We are delighted to announce the completion of Dana Towers and the commencement of the handing over of its housing units to owners on schedule,” said Taha Al Zoubi, CEO of Tiger Properties, developer of Dana Towers. “The building is now open for leasing to customers who want the experience of living within superbly appointed apartments in an integrated complex located in the luxury heart of Dubai,” he added.

The construction work for Dana Towers was completed in advance of the close of 2013 deadline set by Tiger Properties, with Al Zoubi remarking that the meeting of timelines was always the company’s first consideration. Its overriding priority, he says, is to implement its schedule obligations to meet the objectives of owners and buyers who are either looking for on-time investment opportunities or wanting to move into their new homes without delay.

Al Zoubi also drew attention to the Jumeirah Village community in which Dana Towers is situated. Developed by Nakheel, the area boasts a high level of infrastructure and numerous facilities for residents. In addition, the community is close to Dubai’s vital centres, placing it in strategic location that puts it at the top of the list for investors and tenants.

“Tiger Properties followed a new methodology in the process of constructing the Dana Towers development, which has allowed us to speed up the implementation of unit handover to customers. Now that we have announced the completion of the tower we can start delivering the apartments to their owners," Al Zoubi explained.

Al Zoubi continued by saying that Dubai’s real estate market is now a market competitor on a global level. This, he says, is thanks to the maturity of its legislative system, its high investment returns and its lower fees for infrastructure development. He commented that the sector is proving to be the best investment environment at a regional level and is occupying a leading position among other cities across the globe..

“Tiger Properties’ plans for the first quarter of 2014 is to launch new projects in the local real estate markets of Dubai, Sharjah and Ajman, focusing mostly on the residential sector in these areas. We have great confidence in the ability of the UAE’s real estate market to facilitate more development in light of the growing demand to meet the needs of buyers and investors here,” Al Zoubi revealed.