Tiger Properties unveils $54.4m Al Manara Tower in Dubai

6 August 2014 (Last Updated August 6th, 2014 18:30)

UAE-based property developer Tiger Properties has unveiled the AED200m ($54.4m) Al Manara Tower in Jumeirah Village Circle in Dubai.

UAE-based property developer Tiger Properties has unveiled the AED200m ($54.4m) Al Manara Tower in Jumeirah Village Circle in Dubai.

The Al Manara Tower is part of the 900ha Jumeirah Village Circle, which aims to provide housing for more than 300,000 residents.

Jumeirah Village Circle will also feature playgrounds, schools, shops, hospitals, mosques, parks and green areas.

The tower is currently under construction and will house 300 residential units consisting of studios as well as one and two-bedroom apartments.

"Dubai is witnessing an increasing demand for residential units, which reflects the special status of Dubai as a premier destination of choice for families."

When complete, the building exterior will have a glass facade and all the residential units will be equipped with comprehensive amenities and services.

In addition, the building will also house retail outlets and leisure and recreational facilities, such as a health club with gymnasium, swimming pool, sauna, Jacuzzi and steam room.

Tiger Properties CEO Taha Al Zoubi said: "Dubai is currently experiencing many positive developments at the economic level and these are supported by a host of success factors locally, regionally and globally.

"The UAE investment environment has become one of the most attractive markets for capital, trademarks and is a first-choice destination for multinational companies.

"The country has been able to strengthen its leading position at the top of the Edelman List in terms of confidence in the government and in the economy, surpassing global prominent markets that include China, Singapore, India and Indonesia.

"Today, the real estate market in Dubai is witnessing an increasing demand for residential units, which reflects the special status of Dubai as a premier destination of choice for families."

The construction of the building is expected to take two years.