Tameer unveils Dh1b Elite Residence project

DUBAI — Tameer Holding yesterday unveiled a Dh1 billion development in Dubai Marina targeted at the luxury market.

By A Staff Reporter

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Published: Mon 31 Jul 2006, 11:20 AM

Last updated: Sat 4 Apr 2015, 1:12 PM

The ‘Elite Residence’ is a 91-floor residential tower featuring an unusual mixture of Victorian architecture finished in a futuristic layout. In addition to having 76 floors of residential apartments, the development also comprises four parking floors, four basements, two health clubs and a state-of-the-art business centre.

There will be one and two bedroom apartments, three and four bedroom penthouses, and villas. All will be smart-home enabled.

“The development once completed will feature all the facilities needed for comfortable, ultramodern, 21st century living”, said Tameer Holding’s president, Omar Ayesh.

The ‘Elite Residence’ is in close proximity to Tameer’s flagship development, the Princess Tower, hailed as the world’s tallest residential building with 107 floors. Scheduled for completion by end-2009, the tower has been 90 per cent pre-sold.

Established in 1991, Tameer Holding, the UAE property developer with an investment portfolio exceeding Dh40 billion, is a strategic partnership between Saudi company, Al-Rajhi Investment Group, and Tameer Property Establishment.

Other projects under development are the Dana 1 & Dana 2 projects and Al Jawzaa in International City, Al Shahd in the Emirates Hills, The Regal Tower in Business Bay, The Palace Towers in Dubai Silicon Oasis, Al Salam City in Umm Al Quwain, Al Ameera Village in Ajman and a mega-residential village in Jordan.

According to the latest update provided by Tameer, Al Dana 1 is nearly completed with all the apartments sold to investors and residents; Al Jawzaa is to be completed in mid-2007 and construction started on Al Salam City in May. This development is scheduled for completion in March 2009 and phase I is already sold out.

Al Ameera Village was launched in May and the first foundation stone was laid in early June. And the foundation bricks for the 7000 unit development in Jordan will be laid “very soon”.

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