Tallest residential building past half way
Princess Tower on schedule, says Tameer
Building work on the Princess Tower is now past floor level 65 and core level 75, according to developer Tameer today – but the project is a long way from the planned 107-storey topping out height.
However, the project is on schedule and – as previously reported – the contractor says that it has so far stuck to the original cost projection, with less than a 3% overrun.
On completion, the developer claims that this will be the tallest residential building in the world – though in fact the project is to a degree mixed use as it is planned to have a mix of shops and ‘recreational clubs’ across the 37410ft2 footprint.
Commenting on the progress of the project, Federico Tauber, president of Tameer stated, “The Princess Tower once complete, will be a significant landmark in the Dubai Marina area and the UAE, and we are committed to ensuring the success and timely delivery of this project.”
Earlier this year Tameer told Construction Week that the project was planned for completion in August 2011.