Sama to build Dubai Towers cluster

Dubai: Sama Dubai, the real estate development and investment arm of Dubai Holding, yesterday said it will build Dubai Towers, a cluster of towers at the Dh65 billion ($18 billion) Lagoons.

The Dubai Towers will comprise four residential, commercial, retail and hospitality towers, ranging from 57 to 94 floors.

The estimated date of completion of the complex is mid-2010.

Launched under the Dubai Towers brand of Sama Dubai, the iconic structures will feature a choreographed concept of form and function to metaphorically represent the flicker of candlelight.

Farhan Faraidooni, CEO of Sama Dubai, said, "Symbolising hope, growth, harmony and opportunity, Dubai Towers represents an unique investment opportunity for those seeking a corporate lifestyle experience combined with peace and tranquillity in the seven beautifully landscaped islands of The Lagoons."

Futuristic vision

Visible from a considerable distance as the main feature of The Lagoons skyline, Dubai Towers will reflect the UAE's futuristic vision and commitment to foster creativity and originality.

"As signature components of Sama Dubai, the Dubai Towers brand is committed to sharing Dubai's evolutionary and innovative achievements in the property sector with the world."

"In every country potential market for 'Dubai Towers,' will be identified and Sama Dubai will develop exclusive landmark towers that reflect its distinctive personality," Faraidooni said.

The Dubai Towers brand is committed to deliver developments that offer a consistent and complete corporate experience, not just for businesses, but also for the people who live and work there.

As the UAE's gateway to international real estate investment and development, Sama Dubai is currently developing Dubai Towers - Doha, Dubai Towers - Casablanca and Dubai Towers - Istanbul under the Dubai Towers brand.

Creek coastline

As well as their bold architecture and prime locations, the Dubai Towers will be characterised by the range of additional facilities they offer including retail, restaurants, entertainment, health spas, gymnasiums, hotels and residential apartments that create a dynamic community.

The Lagoons is a mixed-use freehold development being built along the Dubai Creek coastline, will cover an area of 70 million square feet over 40 kilometres of waterfront land.