Bids due for ETA's $1.09bn tower in July
UAE-based property developer, ETA Star Properties, will invite bids for the main construction contract of its Verde Residences and Offices in Dubai Maritime City in the third quarter of 2008.
UAE-based property developer, ETA Star Properties, will invite bids for the main construction contract of its US $1.09 billion (AED4 billion) Verde Residences and Offices in Dubai Maritime City in the third quarter of 2008.
Construction is expected to commence in the third quarter of 2008 and is likely to be completed within 36 months. The consultant and designer of the project is Adrian Smith and Gordon Gill, while the project is being managed by ETA Star.
The project comprises two towers, one residential and one commercial.
The 33-storey curtain-glazed Verde Office tower is designed in a trapezoidal shape. With a total built-up area of 7,618m2, the office tower will comprise podium offices and a sky garden.
The 48-storey glass residential tower will be shaped like a boatand will have a total built-up area of 13,000m2. It will include two and three bedroom units, three and four bedroom penthouses and four bedroom duplex townhouses.
The two-tower project is designed to achieve Gold ratings, as provided by the US Green Building Council's Leadership in Energy and Environment Design (Leed) programme.
Speaking to CW, Abid Junaid, executive director, ETA Star, said: "We have confirmed the Gold rating; now, however we are making improvements on the design and construction in order to get the Platinum rating. We should be able to confirm this within the next six months."
He added: "The name Verde has its roots in Spanish, which means green. It is rather apt that we have named our first Green project thus. Besides aiming for a Gold-certified Green building, Verde will provide the best of amenities for both working and living. We are happy to state that this launch is in line with Dubai Maritime City's vision of sustainable development and to create a unique environment for the global maritime community."
As part of a self sustained green community, the project will have a district cooling system using wind turbines, photovoltaic solar hot water, energy efficient lighting equipment and a grey water system.
Adrian Smith, the chief architect of the towers, said: "It's been a privilege to design these towers as one truly believes it is a first step towards leaving behind a greener, healthier world.
The energy saved by the project is equal to planting approximately 600,000 trees or removing 680 cars from the road.
Dubai Maritime City is a 227 hectare development providing infrastructure and services for firms in the maritime sector.
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