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World Trade Centre Residence project begins next phase

United Arab Emirates: Monday, June 06 - 2005 @ 16:12

Around 200 kilos of explosive collapsed the six-storey World Trade Centre Hotel, and the demolition contractor teams have been busy clearing the site to allow work to begin on the prestigious World Trade Centre Residence. The new luxury residential development will open in December 2007.

Mechanical excavators working around the clock have removed 48,000 cubic metres of rubble from the demolished hotel, according to Roger Softly, Projects Manager at Turner Construction. That is roughly the equivalent of 2,400 Hummer sports utility vehicles.

Said Softly: “In just 33 days, 2,400 truck loads of rubble, each truck containing 20 cubic metres, were removed, accounting for the demolished sub-surface foundations, pile caps, and the foundations for elevators and stair towers.”

Turner will shortly award the first contracts to dewater the construction zone, excavate and remove existing piles, and install an earth support shoring system for the perimeter of the site. Dewatering of the construction zone will allow for the excavation of two basements, which will provide parking for the new residential towers.

Softly added: “Dewatering will commence as early as this month, and the installation of piles for the new building will be completed in August. So far, we are delighted with the progress of the project, and we will be tendering and awarding other work contracts soon.

“We should see the structure of the World Trade Centre Residence visibly taking shape as early as mid-September, and the building frame should be clearly visible above ground level in October.”

The World Trade Centre Residence promises a combination of the ultimate home environment with levels of five-star luxury and service associated with the best hotels. Based on a design concept by top architect Hazel Wong, the World Trade Centre Residence demonstrates unique synergy with the Emirates Towers hotel and office buildings, and in many ways represents the residential aspect of the Emirates Towers project.

Elaine Jones, CEO of real estate leaders Asteco, sales agents for the World Trade Centre Residence, said international, prestige buyers represent a major group investing in the project. “To meet increasing demand, the total number of one, two, three and four-bedroom apartments, available on 99-year lease contracts, have been increased from 350 to 378.”

Jones added: “We’re seeing interest from elite clientele from the most moneyed parts of the world, including Manhattan and Beverley Hills, and from VVIP clients across the Middle East. The location of the World Trade Centre Residence at the heart of downtown Dubai’s business district is a major selling point.”

Making for a sense of additional exclusivity, the apartments of the new development, due for completion in December 2007, are available in 40 different configurations.

A landscaped rooftop and terrace, fully equipped gym and health club, and temperature-controlled pool and poolside café are other winning features of the World Trade Centre Residence. The rooftop will be home to the World Trade Centre Residence Club, an informal retreat and meeting place strictly for residents and guests.

Every home owner will also enjoy the full suite of technical facilities including cable TV outlets in all rooms, separate temperature zones in each bedroom, private hot water system, AV intercom connection to the concierge desk, CCTV security monitoring, and covered parking. Hospitality leader Jumeirah International is the exclusive building and facilities manager for the World Trade Centre Residence.

Asteco is the UAE’s largest property management company. Its services include retail, commercial and residential sales and leasing; strategic consultancy; property marketing; feasibility studies and evaluations; and research and investment.

Asteco has an extensive client list in the UAE, and an impressive portfolio of properties in Europe. In the UAE, Asteco has offices in Abu Dhabi, Dubai, Sharjah and Al Ain.

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Monday, June 6- 2005 @ 16:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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