SHUAA Cap­i­tal un­veils plans for new Dubai skyscraper

Arab News - - CORPORATE PR -

SHUAA Cap­i­tal has re­vealed plans for a new skyscraper in Dubai at the Cityscape Global on Monday.

Lo­cated in the heart of Dubai on Sheikh Zayed Road and in close prox­im­ity to the Business Bay area, the “Dubawi” prop­erty will of­fer views of the Ara­bian Gulf on one side and the Burj Khal­ifa, the world’s tallest tower, on the other.

The con­cept was de­vel­oped by N Stu­dio, the ar­chi­tec­tural and in­te­rior de­sign prac­tice of Northacre, Lon­don, a high-end res­i­den­tial de­vel­oper with a 25year track record of de­liv­er­ing over 1,000 homes and apart­ments in Prime Cen­tral Lon­don.

Jas­sim Al-Sed­diqi, chair­man of SHUAA Cap­i­tal, said: “The steady roll-out of our strate­gic growth plans in the first half of 2017 has seen SHUAA be­gin to chart a new tra­jec­tory that lever­ages our core strengths to cre­ate new op­por­tu­ni­ties for our firm. Dubawi is a bold state­ment about both the am­bi­tion and the ca­pa­bil­i­ties of SHUAA that em­bod­ies the op­ti­mism we have about our firm’s fu­ture out­look.”

Dubawi is de­signed as a mixe­duse ho­tel and res­i­den­tial tower to ad­dress de­mand in the UAE’s res­i­den­tial, tourism and hos­pi­tal­ity sec­tors. It will con­sist of circa 500 ho­tel rooms and ser­viced apart­ments shar­ing ameni­ties with the ho­tel, as well as over 500 apart­ment units and pent­houses.

Fawad Tariq-Khan, gen­eral man­ager of SHUAA Cap­i­tal, added: “Lo­cated ad­ja­cent to Dubai’s iconic Sheikh Zayed Road and near to many of the city’s key com­mer­cial and leisure hot spots, Dubawi will evolve into a land­mark in its own right thanks to its scale, world-class de­sign and ameni­ties. We are ex­cited to move for­ward with this project, which will build on SHUAA’s ex­pe­ri­ence in real estate while open­ing up new fron­tiers in a key sec­tor of the UAE econ­omy.”

The devel­op­ment scheme will be man­aged by SHUAA’s real estate as­set man­age­ment di­vi­sion, which cur­rently man­ages as­sets in ex­cess of three bil­lion dirhams ($820 mil­lion), in­clud­ing real estate projects spread across both the UAE and Saudi mar­kets.

Dubawi is de­signed as a mixed-use ho­tel and res­i­den­tial tower.

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