By Staff writer
Developer says Business Bay mixed-use twin tower complex launched last year is close to 25% finished
Dubai-based developer Deyaar has announced that The Atria, a 1.25 million square feet luxury mixed-use twin tower complex launched in April 2014, has achieved close to 25 percent completion.
Located at Business Bay, the company said the project has made significant progress wherein enabling works and substructure are completed and superstructure is now in progress at mezzanine level.
In a statement, the developer said The Atria is on schedule for completion and handover by mid-2017.
Saeed Al Qatami, CEO of Deyaar, said: “With this announcement, we reiterate our commitment to the investors and owners of The Atria to ensure that we remain on the right schedule for the completion and delivery as per the timeline disclosed at the time of the launch.”
The Atria marks Deyaar’s foray into the hospitality sector and follows the company’s recent allocation of up to one million square feet of land for the development of quality hospitality properties in the coming years.
One of the towers will be a 30 floor residential complex featuring a total of 219 units split into one-bedroom, two-bedroom and three-bedroom apartments, as well as select three-bedroom duplex options and two luxurious four-bedroom penthouses.
The second building will serve as a 31-floor hotel apartment tower featuring 347 bespoke apartments, including studios, one bedroom apartments, two bedroom apartments, three bedroom apartments and three bedroom duplex units as well as a five-star spa, gym, infinity pool and fine dining restaurants.