Sunday, June 03, 2007

South Korean firm to build Dh.380m Office Tower

The flow of new office tower projects in Dubai continues, with the opening of a Dh.380 million Oval Tower in Business Bay.

Oval Tower, launched by D'SECO, a South Korean developer, is a freehold project comprising nineteen storey and additional amenities to suit business requirements Prices range from Dh.1,100 per Sq.Ft. and is subject to rise, depending on the office type and the number of floors.

Pumyang Construction Company, a Korean firm has been awarded the main construction contract. The building work is likely to commence in June, and will be ready by March 2009.

This launch is likely to be followed by a number of other new commercial projects in Dubai, that are likely to be unveiled this month, with a view to fill the void in the office space supply within the emirate.

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