Monday, September 08, 2008

Memon launches Champions Tower IV in Dubai Sports City

The Dubai-based property developer, Memon Investments, has announced the launch of Dh.250mn Champions Tower IV in Dubai Sports City (DSC).

Champions Tower 4
The launch is inline with the recent announcement by the developer regarding plans to launch ten or more projects during second half of this year, which would include a combination of luxury residential, commercial and mixed-use developments across the Dubai Sports City, MIZIN and Jumeirah Village South.

The 20 storey Champions Tower IV, houses 228 units which include 19 studios, 76 single bedroom and 133 double bedroom apartments. Among the other amenities included in the freehold residential tower are the golf course, canal views and garden, state-of-the-art surveillance, intercom, basement parking, covered parking on the ground floor, 24-hour concierge, manned security, in-house maintenance, mood lighting, high-speed elevators, and valet parking services.

The tower also offers high quality majestic marble lobby, rooftop health club, party hall, communal swimming pool, outdoor terrace, rooftop juice bar, steam, spa, sauna, Jacuzzi, and separate fitness gymnasiums for men and women, apart from health club lounge and concierge desk.

In a bid to further boost investor confidence, the developer has also announced that it has registered an escrow account for the project with the Commercial Bank of Dubai, together with RERA and Dubai Land Department regulations.

Dubai Sports City's outstanding embodiment of sports-themed community plays a major role in the success of previously launched projects by Memon Investments, under the Champions Towers series, which has prompted the developer to choose it as the location for launch of Champion Towers IV.
Spreading across 50mn square feet, the Dubai Sports City, will house several premier sports arenas, apart from religious, healthcare, educational, upscale restaurants, cafes, and retail outlets, which is likely to be complete by 2010.

Being one of the leading property companies in the UAE, Memon Investments currently has a portfolio of Dh.660mn, including high profile residential and commercial projects such as the Champion Towers I, II, III and IV in Cambridge Business Center in Dubai Silicon Oasis and Dubai Sports City.

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