Two-tower residential project in Dubai’s Silicon Oasis is now more than 50% complete
Ribbon of Light, the AED230 million ($62.6 million) two-tower residential project in Dubai’s Silicon Oasis, is now more than 50 percent complete, it has been announced.
Designed by Abdul Rahim Architectural Consultants (ARACO), the buildings cover a total construction area of 128,083 sq ft, a statement said.
It added that the smaller of the two towers features 238 studio apartments, three lifts and a lobby. The larger of the two towers offers a combination of 240 one bedroom apartments, 16 two bedroom apartments and 14 three bedroom apartments.
The upper storeys will feature 30 penthouse units, and the building will be serviced by six lifts across two lobbies. Across the entire development, 16 duplex apartments will be available.
The ground floor units across both towers will provide seven large leasable retail units with community facilities including two large swimming pools, two kids’ pools, two Jacuzzis and two large gymnasiums. The development will also feature 708 parking spaces.
ARACO general manager, Rahim Banizaman Lari, said: “In terms of design and function, this project will be an iconic landmark in an important area of Dubai. We are delighted by the progress we have made to date and look forward to continuing our successful collaboration with other project stakeholders over the coming weeks and months.”
In line with Dubai’s strict new fire safety codes, introduced earlier this year, the towers will also be fitted with the latest civil defense requirements, as well as a security system connected directly to Dubai Police.
Lari added: "This project adds another dimension to the real estate investments available in the area and will no doubt draw attention from international markets.”