Khuyool unveils Stallion Tower

Dubai-based property developer, Khuyool Investments, has launched its US $95.3 million (AED 350 million) Stallion Tower in Jumeirah Village South.

Dubai-based property developer, Khuyool Investments, has launched its US $95.3 million (AED 350 million) Stallion Tower in Jumeirah Village South.

The project which aims for completion in the second quarter of 2011 is part of the developer's bigger plan to invest US $2.2 billion in the property and real estate sector in the Middle East by the end of 2009.

The 41-storey tower will have a total of 286 residential apartments with a total built up area of 22,612m2.

In addition, the project will include a gymnasium, swimming pool, a tennis court, a recreational area, a retail arcade on the ground floor and a seven level basement parking lot that will accommodate 349 cars.

Khuyool Investments previously launched the $177 million Abjar Tower in Jumeirah Village South and has purchased land valued at $54.4 million within Dubai World Central, a development close to Jebel Ali that includes Dubai's new international airport.

It plans to develop a mixed-use and residential complex there.

Engineer Fahad Ali Mousa, chairman of Khuyool Investments, said: "The Stallion Tower marks the start of another milestone for us. Today's real estate landscape thrives on diversity, and we believe that this project further diversifies our current portfolio of high value projects."

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