Abjar Tower project plans announced

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Khuyool Investments has announced plans for its US $136 million (AED500 million) Abjar Tower development in Dubai.

The 62-storey residential building will be constructed in Jumeirah Village South. It will comprise a mix of one, two and three-bedroom apartments and four penthouses across a total floor area of over 57,000m2. The building will include a 24-hour IT-enabled security and fire management system and an IP-enabled information backbone and wireless broadband that will connect the entire building.

The tower was designed by international architect Raphael and Agostine; Ali Moosa & Sons is responsible for the MEP installation on the project.

Abjar Tower forms part of Khuyool’s planned $2.18 billion investment in Dubai-based real estate projects.

“We are developing properties in emerging areas like Jumeirah Village, and Downtown Jebel Ali,” explains md Kussay Al Sheikh. “We have earmarked a budget of two billion Dirhams ($0.54 billion) in Jumeriah Village and a one billion Dirhams ($0.27 billion) investment plan for Downtown Jebel Ali,” he adds.

The firm is planning further investments of over $5.4 billion in international real estate markets of India, Pakistan, UK, Syria and Jordan and is exploring investment opportunities in Dubai International City and Dubai World Central.

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Posted by: amin

Khuyool Investments Inc.has started none of its off plan projects ,and gives no date to start.The completion date of the Abjar Tower is December 2009 in the purchase agreement.

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