Tuesday, October 16, 2007

Al Naboodah awarded the construction of Dh.555mn i-Rise Tower

A leading Dubai real estate developer, Realty Capital Middle East FZ LLC, has awarded to Al Naboodah Contracting, a contract worth Dh.555 million for construction and implementation of the i-Rise Tower. The 37 storey commercial realty project is located in the TECOM (Technology and Media Free zone) in Dubai.

i-rise tower DubaiThe tower will be the largest in the region, comprising a built-up area of more than 1 million and eight hundred square feet. The unique wave-like profile of the tower reflects the advanced infrastructure and the technology-focused vision of the development.

The i-Rise Tower will provide office modules that begin from 700 sq ft in size, in a free-zone location. The development also comprises the best amenities. The commercial project is so designed to include executive and corporate offices, coffee shops, restaurants, 18 high speed elevators, fitness center, retail space, a multi-storey car park and a helipad.

The CEO of Realty Capital - Middle East, Marwan G. Mansour, said "Time is critical for this project, as investors expect timely delivery of the project. With Al NAboodah on their wheels, we are confident about delivering the project in time, while also meeting the highest quality in standards. Currently the phase one of the project is progressing smoothly, and hence we expect a smooth transition to the second phase of construction."

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