Deyaar launches $272m luxury tower in Dubai Business Bay tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
DUBAI: Deyaar Development has revealed plans for a 1 billion dirham ($272 million) skyscraper in Dubai as high-rise construction in the emirate revives.
The Business Bay tower will include an Olympic-size infinity pool and an outdoor winter cinema, the developer said in a stock exchange filing.
Deyaar CEO Saeed Al-Qatami said the project would “set a new benchmark for high-end urban living in the heart of the city.”
Dubai developers have been encouraged to announce new projects amid rising demand for luxury real estate in parts of the emirate and despite a continuing glut of new homes due to be completed.
The developer, which is majority-owned by Dubai Islamic Bank, said units in its tallest ever project will be offered with a 10 percent down payment and a seven-year repayment plan.