ETA Star, a leading property developer in the UAE, has announced that over 60 per cent of its AED 1.5 billion Starhill Towers & Gallery project in Business Bay which was launched less than two weeks ago has been sold out. Starhill Towers & Gallery is a twin tower waterfront development comprising state-of-the-art freehold offices, a 5-star hotel and a luxury shopping mall - Malaysia’s Starhill Gallery.
Meanwhile, in a gesture of appreciation to Prem Bhatia from Allied Enterprises, one of the main investors in the Starhill Towers & Gallery project, ETA Star arranged an exclusive hot air balloon ride recently over the construction site of the project that provided a unique bird’s-eye view for the investor.
“Another landmark project from ETA Star and another success story,” said Abid Junaid, ETA Star’s Executive Director. “The Starhill Towers & Gallery, like other projects in the ETA portfolio, presents a unique offering to investors through its strategic location, the world-class facilities and also the benefits of Starhill Gallery shopping mall as one of its tenents.”
“We were glad to offer an exciting hot air balloon ride to our main investor Prem Bhatia over the project site. It is the support and trust shown by our investors that have led to ETA Star’s continued success over the years, and we are eager to extend our value-added services to our key investors as a gesture of our appreciation,” added Junaid. Prem Bhatia remarked “This was an unexpected surprise and was a once-in-a-lifetime experience for me. I was touched with ETA Star’s gesture to honour my commitment in this manner and am looking forward to a long term relationship with them”
The 31-storeyed tall office tower of the Starhill Towers & Gallery offers freehold office spaces ranging from 934 sq ft to 1,645 sq ft and boasts of waterfront views for every office. The project is equipped with all the modern amenities including high speed elevators, swimming pool and gym, excellent communication facilities, 24/7 security and maintenance and ample parking facilities.
Construction of the Starhill Towers & Gallery is set to commence in the third quarter of 2007 and the project is scheduled for completion in the second quarter of 2010. A range of finance options are available to investors in cooperation with the First Gulf Bank and Abu Dhabi Commercial Bank (ADCB), whereby investors can avail up to 80 per cent finance for the project.
ETA Star Property Developers LLC is the property development arm of the ETA-Ascon Group. The company’s prime objective is to harness the growing commercial opportunity in Dubai's freehold market.
Developments over 5 million square feet of built-up area are already underway and many more are planned over the coming months. ETA Star’s portfolio currently includes prestigious commercial and residential properties such as 23 Marina, Liberty House, Goldcrest Executive, Goldcrest Views - 2, The Belvedere and The Palladium. In addition, ETA Star is developing
commercial and hospitality projects at the DMC complex, Palm Jumeirah Crescent, Port Saeed, Salahuddin Road and other prime locations in the U.A.E. ETA star is also developing major residential & info-tech parks in India & Sri Lanka.
