Sheffield Holdings Limited, a leading developer in the UAE, has announced that over eighty percent of their Marina 101 project has been completed. The tower, which stands at 425 meters, is poised to be the tallest tower in Dubai Marina and the second tallest tower in the UAE. As construction accelerates towards completion, the expected handover of the Hotel is anticipated to be in early 2015. Following the approvals and the certification of its completion, handover of the hotel apartments and residential units will begin accordingly.
Most of the tower has already been completed and mock-ups of the hotel apartments and residential units are ready for viewing by investors and interested end users. Upon completion, the tower will house a total of 420 hotel and hotel apartments, 60 three bedroom residential units, eight duplexes and a five-star hotel. The tower will be fully equipped with health clubs and swimming pools on different levels, along with other leisure facilities.
Project Manager and engineer, Mohammad Jeilani said, “Visually, the tower will be a very distinctive mix-use tower in the midst of Marina. We have completed a large part of the construction, with merely a few elements left. Construction is well underway, with no delays to speak of.”
Mr. Abuali Malik Shroff, Chairman of Sheffield Holdings Limited, added, “Investment in projects near completion has proven that a fast ROI will occur by handover. We believe that it is an opportunity for investors to seize at this stage of construction and take advantage of this market practice model.”
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