Sheffield Holding Limited, a Dubai-based developer, has re-commenced work on the USD 82-million (AED 300 million) Corporate Tower in Jumeirah Lake Towers (JLT), the company chairman has revealed.
"We have re-started work on Corporate Tower. We have secured funding for the project and expect to complete the tower by end of 2016," Abu Ali Malik Shroff, Chairman at Sheffield Holding Limited, told Zawya in an exclusive.
Corporate Tower, launched in 2008, was put on hold in 2009 following the global financial crisis.
It comprises a 45-storey tower and a 10-storey twin towers, with a built-up area of 330,000 square meters.
"Goldline Contracting remains the construction company," said Shroff adding, "There has been no change in our design [done by UAE-based National Engineering Bureau in 2008].
Meanwhile, the company plans to re-launch its Jumeirah Village Circle and Dubai Waterfront projects.
"We will decide on re-launching our Jumeirah Village Circle and Waterfront projects once we have completed our Dream Dubai Marina project," revealed the Chairman.
The developer had announced a villa project in Jumeirah Village Circle and three projects on the Waterfront at an investment of USD 953 million (AED 3.5 billion) in 2008.
© Zawya 2014
