By Shane McGinley
Unusual looking $81.7m building officially handed over, developers confirm.
The 014, a 22-storey commercial building in Business Bay, was officially handed over to owners on Monday, the Dubai-based developers behind the project have confirmed.
The AED300m ($81.7m) development was launched in 2006 by boutique builders HH.
The ‘cheese style’ black and white exterior consists of a perforated concrete façade that serves as a solar screen, letting in exceptional levels of light, air, and views through to the interior occupants.
The tower was designed by Reiser and Umemoto (RUR) Architecture in New York, who also designed the Shenzhen Bao’an International Airport in China.
According to the developers, the one-metre space between the façade and the building’s glass surface acts as a chimney effect causing hot air to rise. This has a cooling effect and reduces the building’s energy consumption by approximately 30 percent.
The tower has views of Dubai Creek, Burj Khalifa and Godolphin stables and will offer 165,000 square feet of office space and 6,500 square feet of retail space.
Developer HH was established in 2007 by Shahab Lutfi Harmoozi and Mohamed Al Hussaini and the main investors behind 014 are District Investment and Development.
Next month, Habib Al Mulla and Company Law Firm and Dr. Obaid Busit Legal Practice will be the first companies to occupy the tower.