Dubai: Handover of Deyaar's $218m The Atria begins
An asset list is being worked on as Deyaar FM kicks off the twin tower's take-over process in Dubai, a company official told ConstructionWeekOnline
Deyaar Facilities Management (Deyaar FM) has started taking over Dubai-based Deyaar Development's $218m (AED800m) mixed-use project, The Atria.
The twin-tower investment marks Deyaar’s foray into hospitality, and all main works on the project are due for completion in the first half of 2017, contractors Al Rostamani Pegel told Construction Week in January.
Eng Mohammed AbdulKarim Khamis, general manager of Deyaar FM, told ConstructionWeekOnline that the company has commenced the project's handover process.
"[Deyaar FM is] wholly owned by Deyaar Development, and we work together very often," he continued.
"[Recently], I was attending a meeting with my colleagues from the parent company and its business development team to discuss their [pipeline of projects], including The Atria.
"We have a year to complete the project’s handover works and [operate] it, but since mid-October, we’ve been working on an asset list of The Atria and started the take-over process – and that’s a good thing."
Conceptualised by UK-based designers Yoo Studio and Philippe Starck, one of the towers in the project is a 30-floor residential complex featuring 219 units, which are divided into one-, two-, and three-bedroom apartments; three-bedroom duplex homes; and two luxurious four-bedroom penthouses.
The Atria’s second tower comprises 31 floors of hotel apartments to be operated by Millennium Hotels and Resorts.
Its 347 units will include studio to three-bedroom homes, and three-bedroom duplex apartments.