AED 1.7 billion project to accommodate 1,500 residents once completed in 2011

Dubai - UAE, 31 May, 2010: TAMEER Holding Investment LLC, a leading property developer in the Middle East, reported that construction on the Elite Residence project in Dubai Marina is progressing on schedule, with Cladtech International L.L.C. commencing the cladding work on the 91-storey tower.

"Cladtech, a leading UAE based cladding contractor, has commenced work and is progressing at an excellent rate on the Elite Residence project. The Elite Residence will offer one of the most desirable addresses in Dubai Marina, the city's most sought-after residential district," said Federico Tauber, President of TAMEER.

The Elite Residence Tower has a unique design which combines classic architecture with a modern layout and stylish finishes. "Once completed in 2011, the new landmark development at a height of 380 meters will become one of the world's tallest residential towers and will house around 1,500 residents," added Tauber.  

The 91 storey tower includes, 4 basements, 2 gymnasiums, 3 swimming pools, a children's play area, a luxury reception, a prayer area and 24-hour security. The project provides a mixture of spacious 1 and 2 bedroom apartments, and expansive 3 and 4 bedroom penthouses, with a total of 696 apartments.

Elite Residence is ideally located in Dubai Marina and enjoys panoramic views over The Palm Jumeirah and Marina and is just minutes away from Dubai Marina Mall, Mall of the Emirates, and industry free zones Dubai Media City, Dubai Internet City and Jebel Ali.

Additionally, the high-rise residential tower offers easy access to the Dubai Metro Red Line, the future Al Sufouh tram line and is situated steps away from The Walk at Jumeirah Beach Residence with its abundance of quality hotels, restaurants and boutique shops plus an open beach with water sports facilities.

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About TAMEER
Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, Tameer Holding Investment L.L.C. (TAMEER) emerged with an ambitious vision of developing as one of the most trusted brand name in real estate. TAMEER's commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the early pioneers in the fast expanding regional market.

TAMEER has experienced rapid exponential growth, increasing from a handful of dedicated individuals in 2005 to a multitalented team of professionals today.

Selecting the most prestigious and premium locations, TAMEER's landmark developments include the iconic Tameer Towers, at Shams Abu Dhabi on Al Reem Island and Princess Tower in Dubai Marina, one of the world's highest residential structures.

For more information, please contact:
Tameer Holding Investment L.L.C.
Marketing Department
Tel: 00971 - 4 - 60 10 600
Fax: 00971 -4 - 60 10 611

TRACCS
Farah Ibrahim
Tel: 00971 - 4 - 3672530
Email: farah.ibrahim@traccs.net
24/7 Media Hotline: 00971 -50- 4998389
 

© Press Release 2010