Saudi-held Tanmiyat's $100m Dubai towers make construction progress
The Cleopatra, Aladdin, and The Court Towers will open as scheduled, Tanmiyat confirmed
The construction of Cleopatra Tower and Aladdin Tower at Living Legends, and The Court Tower at Business Bay, being implemented by a Chinese contractor, is scheduled to be complete within the next six months, with handovers projected early next year.
Saudi Arabia-based developer Tanmiyat Group and its business partner, Beijing Emirates International Construction Company (BEC), revealed that completion of the works will see the handover of more than 500 residential and commercial units, comprising a mix of studio, one-, two-, and three-bedroom apartments, as well as penthouses.
The Chinese main contractor and Tanmiyat are working on the three towers, worth $100m (AED367m) , with a view to expanding their collaboration in the months to come.
“We are highly considering expanding our business relationship for our future projects,” said Abdulazizi AL Majed deputy chief executive officer of Tanmiyat.
Echoing the sentiment, Eng Ahmad Jumaa, chief executive officer of BEC, added: “We look forward to working with Tanmiyat for its future projects.”
The construction of Cleopatra and The Court Towers is expected to be completed at the beginning of 2019, while Aladdin Tower is scheduled to be finished in February next year.
More than 80% of The Court Tower has been sold out. The development will offer 280,000ft2 of office space, 198 apartments, and 28,000ft2 of retail space close to Dubai Water Canal.