Deyaar, the region’s leading real estate developer and wholly owned subsidiary of Dubai Islamic Bank announced today (November 15, 2006), the launch of The Burlington, a 35-floor commercial tower to be built in Dubai’s most prestigious corporate cluster, the Business Bay. The strategic location of The Burlington opposite the Icon Tower of Business Bay and facing the Dancing Towers, adds to the prominence of the tower.
Zack Shahin, CEO of Deyaar, said, “The launch of The Burlington comes in line with our strategy of developing a series of commercial towers to further strengthen our portfolio and to also address the need for increased office space in Dubai. Considering that office space in Dubai is currently in high demand, the timely launch of projects such as The Citadel and The Burlington which cater to diverse corporate needs, become all the more significant.”
“It was imperative that a project of the stature of The Burlington was based in a development such as Business Bay, which is set to become the new commercial center of Dubai and is constantly attracting leading regional and international companies looking to set base in the UAE,” added Shahin.
The Burlington will offer over 476 luxurious offices, ranging from a minimum of 530 to a maximum of 2,019 square feet. Facilities at the tower include a huge lobby, a 19,750 sq-ft shopping arcade, a panoramic gym and sporting facilities at the 20th floor, a Dining Plaza with a spectacular view and a number of coffee shops. In addition, The Burlington boasts of a business centre with fully equipped conference and training rooms and a plush business lounge. The tower also offers smart security systems and three levels of basement and podium parking.
“Deyaar continues with its commitment to offer high quality projects within the stipulated time frame and within the allocated budget. Our strong stress on quality has helped us build a major clientele, widen our investor base and reinforce our position as a leading player in the region’s construction industry,” said Shahin.
Deyaar has a number of projects to its credit, the most notable of which are the residential and commercial Churchill Towers and The Citadel, coming up at the Business Bay. The company manages more than 16,000 residential and commercial units across 700 buildings in the UAE, that generate over AED 300 million of rental income for property holders. It also provides leasing, maintenance, sales and marketing, and brokerage services for residential and commercial properties.
