FINANCIAL NEWS

Emaar launches second The Address Residence tower in Dubai

24 Feb 2013

(MENAFN) Dubai’s top developer Emaar Properties has launched the Sky View tower in Downtown Dubai this year, Emirates 24/7 reported.

The 50-storey building is Emaar’s second Address Residence branded property in Dubai and was designed by Skidmore, Owings & Merrill, architects of the Burj Khalifa.

The 230-metre tower will have 532 serviced apartments fully furnished with floor-to-ceiling windows and will be linked directly to the Dubai Metro and The Dubai Mall via a new air-conditioned travelator. The Sky View will also include a 180-key business hotel.

Emaar said it will hold the launch of the new tower simultaneously in Dubai and Riyadh, in a bid to attract more Saudi investors.

Emaar had launched a 72-storey The Address The BVLD hotel and serviced apartment tower in September last year, with 200 hotel rooms and 523 serviced residences. The tower is scheduled for completion in 2015.

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