Beirut Towers set for Dubai

Plus Properties, a Dubai-based real estate developer will build a $125 million skyscraper project in Dubai called ‘Beirut Towers’.

The towers will be located in the International Media Production Zone (IMPZ) in Dubai, the developer said in a statement on Thursday.

“We envisioned the Beirut Towers as a project evocative of Lebanon and are confident that our latest offering will succeed in providing many residents of Dubai especially Lebanese nationals, with a taste of Beirut,” said Georges Chehwane, CEO of Plus Properties.

The towers are designed by consultant Agostine and Rafael in a style that captures Lebanese culture and heritage and will consist of two buildings, Ashrafieh and Verdun, consisting of 23 floors each.

Floors will be named after famous streets in Verdun and Ashrafieh, two of Beirut’s most prestigious residential neighborhoods.

Plus Properties will provide a number of financing options and the use of escrow accounts to potential tenants. The developer did not disclose when construction would begin, or when the project would be completed.

Upon completion, IMPZ will be a cluster of media and production companies. The free zone will incorporates industrial, commercial, residential and community service projects.

The development will stretch over a territory of more than 43 million square feet of land. TECOM is the master developer of IMPZ.

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