Saudi-based developer Tanmiyat Group has announced that construction work for its flagship project - The Court Tower - is on track to be delivered by October.
Offering views of the Dubai Canal, the $100 million project will add 280,000 square feet of office space, 198 apartments and 28,000 sq ft of retail space.
Tanmiyat said since the appointment of Beijing Emirates Company as the new contractor for The Court Tower, the project has progressed rapidly and is set to be delivered on time.
The developer added that the project is 83 percent sold.
“We are extremely pleased with the developments made on the project to date. At Tanmiyat Group, we have always been committed to offering impressive and outstanding facilities to our investors. To that end, we’ve been working closely with our contractor to deliver the project on time,” said Saleh Tabakh, spokesman of Tanmiyat’s management board.
“Once complete, The Court Tower will be our second successful project in Business Bay after delivering the Exchange Tower in 2016. The way the market is shaping, we look forward to investing in more emirates across the country,” he added.
He said Tanmiyat's investments in the UAE have exceeded AED7 billion.
The Court Tower is one of many mixed-use properties developed by Tanmiyat Group, which is also developing Living Legends at Dubailand, which is spread over 15 million square feet.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.