Dubai Pearl Inc announced today that construction works have begun on its US$220 million luxury residence buildings, Jumana and Dana Towers, with Arabtec Construction completing raft pouring activity this week.
Scheduled for completion in 2nd quarter 2008, the two high-rises will be a key element of the Dubai Pearl development, located opposite the Palm Jumeirah. Arabtec Construction LLC, a leader in the region’s construction business, is the main contractor in the AED 5.9 billion (US$1.6 billion) Dubai Pearl project – a self contained multi use development of more than 10 million square feet of built up area.
Jamal Abu Issa, President of Dubai Pearl Inc, said that both Jumana Tower and Dana Tower will be fashioned to the highest international standards of urban luxury and service, with the aim of establishing Dubai Pearl as a reputed business, residential and leisure destination.
“While offering exceptional breathtaking views of Dubai, Jumana Tower and Dana Tower celebrate the spirit of innovation and design that Dubai Pearl will soon be synonymous with. It will also change the landscape of the region’s construction industry by offering the most sophisticated residential technologies and creative environment for our customers,” Abu Issa stated.
Both residential towers, Dana and Jumana, will exceed a total built up area of 1.7 million square feet and will together include 46 studio apartments, 644 one-bedroom apartments , 348 two-bedroom residences, and 44 three and four-bedroom residences. Abu Issa revealed that 87 percent of Dana Tower has already been sold to date.
Overlooking The Palm Jumeirah and adjacent to the Dubai Media and Internet Cities and Knowledge Village, Dubai Pearl will be a novel mix of residential, commercial, retail and leisure developments designed to reflect Dubai’s multicultural character.
Dubai Pearl will feature four deluxe hotels, three residential buildings, two office towers, a comprehensive retail space, an exhibition area for IT shows and conferences, an art gallery, and the 1,800-seat Royal Hall theatre.
About Dubai Pearl Inc.:
Dubai Pearl Inc. was established to develop and manage eminent real estate developments. Dubai Pearl Inc.’s vision is to create a distinct self-contained community which support vibrant, multi-cultural lifestyles and augment the value of their surroundings. The downtown development of Dubai Pearl is the company’s pioneering project.
For the latest information about Dubai Pearl, please visit www.dubaipearl.com
