Tuesday, September 04, 2007

Tameer's Silver Tower sales meets complete success

Tameel Holding has announced that all the units in its "Silver Tower" development have been successfully sold within fifteen days of its launch.

This achievement brings to Tameer, the credit of being the first in Business Bay, Dubai, to announce 100 percent sales of its units, among the other 500 commercial and residential towers in Business Bay.

The success has been attributed to the strategic approach by Tameer, and its focus on developing integrated projects with an aim to cater to major companies and businessmen, apart from residents belonging to all social segments.

Silver tower from Tameer holdingsTameer considers this success as another valuable addition to its unique line of successive achievements in the local and regional property market, and as an indicator to prove the depth of customer confidence that Tameer has established in the property market.

The launch of 260 offices Sliver Tower was coincident with the growing demand for commercial and residential units in Dubai property market. The launch came at an apt time, when Dubai was witnessing a continuous surge in population, which had doubled during the past ten years, and when the demand was exceeding supply, coupled with economic growth. Experts predict that the population in Dubai will touch 2 million towards the year 2015.

The Silver Tower, worth Dh.450 million, will include 260 offices of various sizes, with 27 buildings and 31 floors that meets the best in design, quality of construction and finishing. The total area of the tower is expected to be 700,000 square feet, and the final height of the tower is expected to touch 147.5 meters by 2009. The tower will comprise modern amenities such as a sophisticated conference hall, health club, swimming pools, mini golf course, car parking spaces for 793 cards, commercial and retail outlets and cafeteria and more.

The strategic location of the tower makes it easily accessible to all parts of Dubai, and to prominent locations such as Burj Dubai downtown, Sheikh Zyed Road to Jebel Ali Free Zone, Dubai Media City, Dubai International Financial Center, and Dubai Internet City.

Tameer had entered into a partnership with Al-Rajhi Investment Group two years ago, and today, ameer has a real estate investment portfolio exceeding AED 150 billion. Currently, Tameer is developing "AlSalam City" in Umm Al Quwain, and the "Al Ameera Village" in Ajman and the "Princess Tower" which the tallest residential tower in the world, located at Dubai Marina.

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