Marina 101 to complete by 2016-end, says NEB MDby Paromita Dey on Mar 23, 2016
National Engineering Bureau (NEB) has revealed that construction work on its $355m Marina 101 project in Dubai - which will feature a luxury hotel - is on track and will open by the end of 2016.
Managing director Jamil Jadallah told Construction Week that works on the residential part of the building will be completed soon and work on the hotel will begin next month.
"Finishing touches to the residences will be completed soon. Construction works on the hotel is over, only the interior design and finishing touches to the hotel is left," mentioned Jadallah.
Marina 101, the residential building set to become Dubai's second-tallest tower, is currently running five years behind schedule.
The 427m-high tower was initially scheduled to open in 2012, but after buying two of the building's three penthouse apartments at a substantial discount, Cayman Islands-registered Qannas Investments revealed that "the developer expects to reach completion in Q1 2016".
Work at the site had slowed considerably during the downturn as developer Sheffield Holdings struggled to find an operator for a large hospitality element of the site.
After initially announcing a deal with Wyndham Group for a Dream Hotel property in 2013, founder Abu Ali Malik Shroff said the building would complete by the end of 2014.
However, that deal later fell apart and a new agreement for a Hard Rock Hotel was announced last year. In July 2014, Sheffield Holdings said the building was "80% complete".
Marina 101 is being built by Turkish contractor TAV, and NEB is the architect and engineer.