Thursday, July 10, 2008

Plus Properties launches Beirut Towers -luxury residential development

Beirut towers from Plus properties
A $125m luxury residential development, Beirut Towers, has been launched by the Dubai-based developer, Plus Properties, within the International Media Production Zone of TECOM. The project comprises of two towers - Verdun and Ashrafieh with 23 Storey each.

Designed by Agostine & Rafael, a renowned consultancy firm, drawing inspiration from the Lebanese culture and heritage, the floors of bot the towers will be named after famous street in Verdun and Ashrafieh, two of the most prestigious residential neighborhoods in Beirut. The names of the floor in Verdun Tower being - Dunes, Bristol, Ain Tine, Koraytem, Verdun 730 and Verdun 732; while that in Ashrafieh Tower are Sursok, Sodeco, Sahet Sassine, Monot, and Abdl Wahab.

The towers feature studio, single and double bedroom apartments on single or duplex floors.
The CEO of Plus Properties, Georges Chehwane, mentioned that the project is an evocative of Lebanon, and is sure to provide residents of Dubai, particularly the Lebanese nationals, with a taste of Beirut.

A number of financing options have been placed before potential tenants by Plus Properties, including the use of escrow accounts.

The dates of commencement of Construction and completion of the project are yet to be announced by the developer. TECOM is the master developer of the project.

The residents can also gain access to major road networks such as Emirates Road, Sheikh Zayed Road, Al Khail Road, and landmarks like Dubai Knowledge Village, Dubai Media City, Mall of Emirates, Dubai Sports City and the forthcoming Al Maktoum International Airport, due to the proximity of IMPZ to these locations and landmarks.

On completion, IMPZ, which will stretch over 43million Square Feet of land, would be a cluster of media and production companies, with the free zone housing commercial, industrial, and residential and community service project.

Beirut Towers has already drawn an overwhelming response from international and regional investors during the open house sales launch event, which was held on 1st of this month at the Jumeirah Beach hotel.

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