Building work on the Princess Tower is now past floor level 65 and core level 75, according to developer Tameer today – but the project is a long way from the planned 107-storey topping out height.
However, the project is on schedule and – as previously reported – the contractor says that it has so far stuck to the original cost projection, with less than a 3% overrun.
On completion, the developer claims that this will be the tallest residential building in the world – though in fact the project is to a degree mixed use as it is planned to have a mix of shops and ‘recreational clubs’ across the 37410ft2 footprint.
Commenting on the progress of the project, Federico Tauber, president of Tameer stated, “The Princess Tower once complete, will be a significant landmark in the Dubai Marina area and the UAE, and we are committed to ensuring the success and timely delivery of this project.”
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