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Asteco is sole leasing agent for Al Habtoor City

Al Habtoor Group's multi-use development to open in 2016

NEWS, Business, Al Habtoor Group, Asteco, Construction, Dubai, Real estate development

The Al Habtoor Group has appointed Asteco as the sole leasing agent for Al Habtoor City’s three residential towers.

The residential blocks will incorporate up to 1,500 luxury apartments including 11 penthouses.

Mohammed Al Habtoor, vice chairman and CEO of Al Habtoor Group, said, “Asteco has a great reputation in the region, and we are confident it will meet our demands with the project. Dubai’s economy is booming right now and the city needs a project like ours to meet its growing demands for upscale residential living - especially ahead of the EXPO 2020. Al Habtoor City is our flagship project. It will be a great addition to Dubai.”

Al Habtoor City, a multi-use development, will include three residential towers as well as five star hotels (Westin, W Hotel and St. Regis).

John Stevens, managing director of Asteco said, “The Al Habtoor brand is synonymous with quality and Al Habtoor City will exemplify that perception. Undoubtedly, once complete, it will be one of the most sought after residential addresses in the UAE and is another prestigious development that will benefit from Asteco’s considerable experience in property management.”

The entire project will be delivered within 30 months.

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