Aug 29 2009   | Source: Trade Arabia 

Damac completes two towers within days

Damac Properties has announced that two of its projects at Business Bay have officially reached the top level.

At a special ceremony, both Business Tower and XL Tower were officially ‘topped off’ at floors 18 and 19 respectively

This brings the total of completed structural buildings announced by Damac Properties this year so far to four, along with Smart Heights at Tecom and Lago Vista at IMPZ. The company’s twin tower development Park Towers at nearby DIFC is also expected to reach the top floor within the next six weeks, according to a company statement.

“It is an honour to work with an established company such as Damac Properties, who are one of the leading property developers in the UAE, and we hope very much that our successful partnership on these two buildings could lead to more potential opportunities in the future,' said Fu He, chairman of CSHK Dubai Contracting.

Construction of both Business Tower and XL Tower commenced in January 2008 and form part of Damac’s portfolio of eight projects that are currently underway in the Business Bay area. Both towers are due to be completed by the end of this year.

'These two office towers with light and airy spaces for people to work in and stunning views of the waterfront are truly typical of the type of buildings that are synonymous with the Damac brand – exclusive designs in prime locations,' added Peter Riddoch, chief of Damac Properties.

Business Tower is one of Damac’s signature commercial buildings. The 18-floor tower, which has 187,000 sq ft of office space with retail on the ground floor, has a prime position overlooking the waterfront at Business Bay next to Downtown Dubai.

It is adjacent to the company’s XL Tower – a 19 storey oval shaped building that will offer 191,000 sq ft of office and retail space which is entirely sold out.-TradeArabia News Service

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