Unveils Names of 11 Contemporary New Buildings at Landmark Development
Dubai: 6 October, 2009 - Dubai Properties Group (DPG), a member of Dubai Holdings, today announced it has commenced the handover of 2,387 high-end units at the residential and commercial towers of the highly anticipated Executive Towers development, located in Business Bay.
The first venture from Dubai Properties Group to be delivered in Business Bay, The Executive Towers offers a unique upscale lifestyle in the heart of Dubai, an extraordinary environment to work, live and play. The exclusive new community is conveniently located adjacent to both the arterial Sheikh Zayed Road and Al Khail Road in the heart of Dubai.
The pioneering new development comprises 12 buildings, ten of which are residential and features 60 villas located at the plaza level, 16 boutique office villas, and a three-level podium that offers parking bays for 3,602 vehicles.
The handover of The Executive Towers, which includes 176 commercial units and 2,211 residential units, will be launched with a comprehensive customer service program. The program is designed to deliver a seamless transition for homeowners and investors with an unprecedented level of services and amenities at their disposal.
Khalid Al Malik, Group CEO of Dubai Properties Group, said: "Dubai Properties Group is delighted to begin the handover of The Executive Towers. This landmark development stands as a pivotal point in the evolution of Business Bay, and is a building block for other great projects to follow. Business Bay continues to meet several important milestones with the extension of the Dubai Creek nearing completion."
The name of the 11 towers has now been revealed by Dubai Properties Group. The first four residential towers facing east will be named East Heights 1-4, while the fifth, a 39-floor commercial property, will be called Aspect Tower. The remaining six residential towers, facing west, will be named West Heights 1-6. The development will also include a 307-room Hotel Tower.
Al Malik added: "Business Bay is a representation of the unparalleled business expansion the Emirate has experienced in the past three decades. The handover of The Executive Towers confirms Dubai Properties' commitment to the continued development of Dubai's landscape by delivering projects that surpass our customers' expectations."
Residential spaces at The Executive Towers include studios, loft apartments, four-bedroom terraces, garden apartments, and one, two, three, and four-bedroom apartments. Additional features will include 24-hour security and maintenance, state-of-the-art health clubs with swimming pools, plaza-level landscaped gardens and direct access to the adjacent Bay Avenue featuring 185 retail outlets.
The Executive Towers is the second major freehold project to be handed over by Dubai Properties Group following the successful release of Jumeirah Beach Residence (JBR), the largest single-phased development in the region.
Dubai Properties Group represents a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, The Villa, Jumeirah Beach Residence, Al Waha, REMRAAM and Shorooq Mirdif.
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About Business Bay
Offering a unique lifestyle, Business Bay is a mixed-use freehold development in the heart of Dubai, featuring a place for people to work, enjoy and live an enviable lifestyle. Valued at AED 110 billion, Business Bay covers an area of 64 million square feet. Developed along the lines of Manhattan of New York or the Ginza of Tokyo, Business Bay will provide the best possible commercial environment to regional and international companies, investors and multinational businesses. Located between Ras Al Khor and Sheikh Zayed Road, this freehold master development covers an area of 64 million square feet. Business Bay will offer world-class infrastructure, design, urban planning, architecture and perfect environmental balance. It is one of the few developments that offer freehold office towers at the emerging centre of Dubai's new business district along the new creek.
About Dubai Properties Group
Dubai Properties Group (DPG), a member of Dubai Holding, is a pioneering community developer that offers integrated and holistic services in real estate, retail, and destination management and lifestyle management. Dubai Properties Group was established in 2008 to consolidate the operation growth of Dubai Properties different divisions into distinct business units. This evolution came from Dubai properties entity which aimed to contribute to the growth of Dubai by conceiving, developing and enhancing unique business projects.
With five synergetic lines of business, the Dubai Properties Group offers a sustained level of quality and excellence through its subsidiaries comprising Dubai Properties for customer service, sales and marketing interface; Salwan for property management services company; Injaz for the development of fully sustainable communities; Dubai Retail as the retail services company and Dubai Asset Management as the facilities management provider and community security services.
Founded on principles of transparency, accountability, and dedicated customer focus, Dubai Properties Group aspires to become the best partner in providing unique lifestyles, by creating a world class organization that offers a wealth of industry knowledge and expertise through its people. DPG will constantly seek new and innovative ways in delivering comprehensive end-to-end solutions for its stakeholders, investors and business partners. In pursuing its ambitious objectives, DPG consciously works towards raising the benchmark of environmental standards while striving to reduce its carbon footprint in the countries and communities where it seeks a presence.
For further information, please contact:
Dina Samhout
Associate Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247
Fax: +971-4-3688001
Email: Dina.Samhout@jiwin.ae
Zeina Chams
Marketing Department
DPG
Tel: + 971 4 3643517
Fax: + 971 4 3672972
E-mail: Zeina.Chams@dubaipropertiesgroup.ae
© Press Release 2009
