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Thu 24 Sep 2009 07:24 AM

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Deyaar delivers first Business Bay commercial tower

Handover is first part of commitment by developer to deliver seven projects in 2009.

Deyaar Development

has announced the handover of all units at The Citadel, its AED700 million, 41-storey commercial tower in Business Bay, Dubai.

The Citadel is the first commercial tower to be delivered by any developer in Business Bay, the company said in a statement.

The handover is part of the company's commitment to deliver seven projects in 2009.

The Citadel comprises 565,000 sq ft of office space, including 406 commercial units and 29,000 sq ft of retail space.

"On behalf of

, I am delighted to announce that we have completed the handover of The Citadel, the first commercial tower in Business Bay, fulfilling our promise to deliver seven projects this year," said Markus Giebel, chief executive of


"Despite the challenging environment in the sector, we have demonstrated that we will meet all our commitments to our customers."

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