Tameer Holding, a pioneer property developer, has announced that its 107-storey luxury residential tower, the Princess Tower, located in Dubai Marina, has successfully completed 30 storeys, and is progressing as scheduled.

The Princess Tower (also known as Al Ameera Tower) is one of the many freehold towers in Dubai Marina, opposite to Jumeirah Lake Towers, adjacent to American University of Dubai. It is positioned on the same side of marina, as that of Dubai Marina Towers, in close proximity to the Torch Tower. On completion, the Princess Tower is hoped to be one of the tallest all-residential buildings in the world, standing high at 414 meters.

The Princess Tower, covering 37,410 square feet of space, rising more than 400 meters in height, would be the world's tallest residential building, with a total of 100 storeys. It includes 750 luxury residential apartments, including double, triple and four bedrooms apart from duplex villas and penthouses.

Among the other amenities at the Princess Tower are the gymnasium, swimming pools, a sauna club, child day-care, private car parking area and prayers area, for each resident apart from luxurious reception area.

The Princess Tower will be the most expensive apartments in the world, costing about US$85,000,000.00. The ground floor of the building (the entrance hall), will be glided with white gold, one of the most rare and expensive type in the world. This will be supplemented with opals, diamonds, sapphires, rubies and crystals.

The Managing Director of Tameer Dubai, Abdul Hamid Moukayed, said "Despite the difficulties experienced by real estate and construction sectors, such as the rising costs of material and labour, apart from increasing competition for contractors, construction on the Princess Tower is progressing as scheduled. The tower would be a testament to strengthen Tameer's position as the most trusted in the property sector."

Tameer Holding, the leading real estate developer in the region has announced completion of foundation raft of Elite Residence, the ultra-luxurious residential tower located at Dubai Marina.

The foundation raft of the Elite Residence has been completed in less than five months after the commencement of construction.

Abdul Hamid Moukayed, the Managing Director of Tameer Dubai, expressed his satisfaction over the progress of construction on the Elite Residence, and emphasized on the efforts made by Tameer in avoiding obstacles that have been faced currently by developers.

"We have undertaken strategic planning methods and have entered into alliances to avoid getting caught in the trap of lagging behind schedule. This is our commitment towards customers through our projects," Moukayed said.

The Arabian Construction Company (ACC) has been awarded as the main contractors of the project, while the designing and engineering works have been assigned to ASE consultants.

Located on the heart of Dubai Marina, the Elite Residences is one of the most prestigious addresses that offer residence the ultimate in elegance, luxury, and service. The towers are wonderfully positioned to offer eye-catching views of the Arabian Gulf, with a unique design exhibiting a rare blend of Victorian architecture, finished in its finest form.

Standing high at 380 meters, the 91 storey structure, features state-of-the-art fixtures from across the world, with ground-breaking technology being available in each unit, making each day an ultramodern experience.

The ASE, and the ACC teams that are currently working on the Elite Residences are also continuing work on Tameer's Princess Towers, the tallest residential towers in the world, located in close proximity to the Elite Residence at Dubai Marina.

Tameer has established itself as one of the pioneers in the real estate market, due to its dedication towards meticulous creation of comfortable living spaces and inspirational working environments.