Monday, March 12, 2012

New Crystal Towers likely to adorn the Dubai Marina horizon


Leading Dubai-based developer, Al Fattan Properties is all set to launch Crystal Towers, a glitzy twin-tower project in Dubai Marina, it has been announced.

The Crystal Towers will be a mixed-use project, and the date of commencement of construction is yet to be revealed. However, the developer has mentioned that all details of the project will be revealed shortly.

Established in 1974, Al Fattan is guided by Maj. Gen. Musabbeh Rashid Al Fattan, and the company is known for its major properties such as Al Wasl Villas, Lake Villas, Al Safa Villas, Al Fattan Apartment Building, and other commercial properties such as Al Fattan Plaza, Oasis Beach Hotel, Al Fattan Marine Towers, and warehouses in Ramool.

Dubai Marina, last year had witnessed more than 880 transactions with values exceeding Dh.903mn, thus topping the list of freehold communities on the basis of transaction numbers. Further, according to Propertyfinder.ae, Dubai Marina is among the topmost in the chart of most searched locations.  Dubai Marina is also home to three tallest residential towers in the world including 414 meter Princess Tower, 395 metre 23 Marina, and 381 metre Elite Residence.

Meanwhile, the Head of Research at Jones Lang LaSalle, Craig Plumb, said that the residential market in Dubai is close to bottoming out, while prices are increasing in certain areas. Major recovery is expected towards the end of the year.

1 comment:

Stunning dude said...

Finding apartments in Dubai for rent is really difficult now-a-days and wise investors are apprehending this trend.
Therefore, real estate investors are flying back to Dubai and most of them are
willing to invest in this sector on the long term basis. Current situation will change
and good times will be back soon. Wise investor will be the one who will take benefit of this situation
and invest in Dubai properties right now.