Cinnovation Group and HDS Estates have announced a partnership to develop two prestigious residential towers in the Central Business District in International City, Dubai.

Sunstar Developers, the real estate arm of the multi-dimensional conglomerate Cinnovation Group, has signed a deal with Dubai-based HDS Group to develop the two residential towers.

Valued at over Dh200 million, the towers will reflect the vision of the two leading names at their helm.

Both companies have, over the years, established themselves as major players in the real estate industry.

The construction contract for the two towers has been awarded to Solanki Construction Company, a leading construction company in the Middle East.

“We’ve always endeavoured to be a step ahead of the competition,” says Varun Chaudhary, director, Cinnovation Group.

“And with Dubai predicted as the next hottest spot for the world property giants, it was the ideal time for us to make a move here. We’re lucky to have found partners like HDS Group, who share our enthusiasm for innovation and drive for success.”

Adds Ali Dar, managing director of HDS Group:

“We could not have chosen a better location than International City.

“It will be a great business hub for the city, and with experienced partners like Cinnovation, we are confident that our product will have the exclusivity and prestige of a world class project.”

The towers, HDS Sunstar I and HDS Sunstar II, are set to be completed in the last quarter of this year.

Cinnovation Group, established in 1990 in Singapore, is a multi-dimensional conglomerate.

It has fast gained a formidable reputation the world over for providing world-class services and products in various sectors, such as Real Estate, Hotels & Resorts, Wildlife and In-Bound Tourism, Aviation services, Financial Services and Fast Moving Consumer Goods (FMCG).

Cigen Corporation, the hospitality arm of Cinnovation Group, owns luxurious resorts in Maldives, Sri Lanka and Malaysia through Taj Asia Limited, a joint venture with the Indian Hotels Corporation Limited. Exclusive properties of Taj Asia Limited are Taj Exotica Resort & Spa and Taj Coral Reef Resort in the Maldives, Taj Samudra in Colombo, and Rebak Marina Resort in Langkawi, Malaysia. The Taj Exotica, Maldives, is part of The Leading Hotels of the World.

Cigen has collaborated with Conservation Corporation Africa (CC Africa), Africa's leading safari company, to develop ecotourism resorts in the most exotic tiger reserve destinations across India.

In addition to this, they have acquired the Hilton Doubletree Hotel, JFK Airport, New York City, which features 385 guestrooms, each equipped with the Sweet Dreams Experience bedding and world class amenities.

The Cinnovation Group has a presence in N America, Middle East, Far East and India. It is rapidly expanding and gaining momentum to become a billion dollar company by the year 2010.

Ably steered by Ali Dar, HDS Estates has an enviable track record and years of experience as property developers. In collaboration with HAN Worldwide in Jumeirah Lakes Towers, Dubai and with Sobha Group in Business Bay, Dubai, HDS Estates have been responsible for developing some of Dubai’s most prestigious business addresses including HDS Tower, HDS Business Centre and Sobha Ivory.

As a prominent name in the property industry, HDS Estates aims to provide investors and clients with the highest standards of service to further their investment objectives, supplemented by a full range of professional real estate and consultancy services based on international standards of best practice. TradeArabia News Service