Local Business

Centurion Star Tower project receives huge SMEs response

Staff Report
Filed on December 20, 2013

Centurion Star Tower, a Dh420 million first commercial freehold property in Deira, was over 70 per cent sold out on the very first day of the sales launch according to the developer.

Centurion Star Tower project receives huge SMEs response (/assets/oldimages/cent_12192013.jpg)

The tower is an elite office business centre. — Supplied photo

The property saw a huge response from Dubai’s small and medium enterprises (SMEs). Royal Star International, and Centurion Residence Limited, entered into a joint venture to launch their flagship property Centurion Star Tower a few days ago.

Bookings are open till December 22 at the project site in Deira. The units are being sold for Dh1,700 per sq. ft. and the office sizes start from 800 sq ft to 1500 sq ft Finance facility on this project is provided by Mashreq bank.

The property is just 10 minutes away from the airport and is less than one minute away from the Deira City Centre metro station. Centurion Star Tower is positioned in the middle of Port Saeed area. This is an elite office business centre that is spread across two twin mirror image buildings, with a total built up area of 492,000 square feet.

“We have received tremendous response from investors in Dubai and overseas and many of them were from the SME sector. There is a huge demand for our project due to the prime location and close proximity to all modes of public transport. We are delighted to see the way we are getting response from the SME sector. I am sure that our state-of-the-art designs with all amenities will create the much needed impact among the business community,” said Hamzah Abu Zannad, Director of Operations, Royal Star International.

— business@khaleejtimes.com

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