Construction of a new Dubai’s tallest The Tower started in Dubai

16.08.2016
Creek Horizon, a complex of two towers in Dubai Creek Harbour will set a background for a new Dubai’s "highest peak", The Tower.

Dubai master developer Emaar announced the launch of property sales in the two 40-plus storey skyscrapers, which are about to finish Dubai Creek skyline together with its new dominant, the new tallest Dubai’s building The Tower, 100 meters higher than 828 meters-high Burj Khalifa.

This new iconic construction is planned as a center of a new 6 square kilometer-sized development Creek Horizon in Dubai Creek Harbour designed to become an alternative to Downtown Dubai area, both in size and in attractiveness to the emirate’s tourists and residents.

In total, Dubai Creek Harbour will house nearly 4,000 offices, 8 million square feet of retail property, 39,000 residential units and 22 hotels with 4,400 rooms.

The developer is still not quite sure, how this new ultra-high building will be actually used. It is known that ‘The Tower’, the construction of which has already begun, will definitely house a boutique hotel, a number of fancy restaurants, several observation decks, and even several floors with gardens. But what will be done with the plaza, and how the developer is going to beautify it and real estate around it, is still quite a question.

And the fate of the skyscrapers next to ‘The Tower' is already well known: two 40-storey towers scheduled for completion in the mid-2020 will house 500 apartments and both some townhouses right inside the podium connecting buildings on the ground. The cost of apartments in the towers is already known too: starting from USD 269,000, with extremely attractive payment plan with 5% due to be payed by the time of purchase right now, and the final payment of 40% made by the time of completion in 2020.

It is worth reminding that a property worth 1 million UAE dirhams gives its owner the right to get a resident’s visa in the UAE. All the details about how to do it you can find out by turning to IMEX Real Estate experts. They’ ll be happy to explain you what to do in case you’re an owner of a USD1 million plus Dubai property and want to get a a resident’s visa on this ground, and also, they will offer you a number of apartments for sale in the similar price range.

And according to the noteworthy opinion of another Dubai real estate market tycoon, Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, we’re fgoing to soon face " very exciting times ahead and we are expected to see the price per square foot increase in the coming months for real estate in prime locations in the UAE" Al Habtoor concluded.

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