Dubai Properties’ Executive Towers, which are markedly visible from Shaikh Zayed Road and Al Khail Road, is nearing completion.

The anticipated handover date will be during the fourth quarter of 2008, said an official spokesman.

Work is proceeding simultaneously on all 11 buildings of the Executive Towers, which include nine residential units, the Aspect Tower, and the Business Bay Hotel. The development’s outdoor component, the Bay Avenue, is also on its way to deliver 175,000 square feet of retail space as well as water-front terraces.

With all the units of the Executive Towers sold out, the handover of all towers will commence in the fourth quarter 2008.

Dubai Properties’ first project in Business Bay, the region’s new business capital, will also be the second major project to be handed over by the Master property developer following the successful release of Jumeirah Beach Residence in 2007, handing over 6,000 apartments.

“While we are committed to adhere to our delivery schedule, we are equally keen on providing our investors with latest updates on each project. The feedback we have received from our partners and contractors has been positive as we work together to ensure we deliver on our promises to investors,” said deputy CEO, Dubai Properties, Yaqoob Al Zarooni.

With two-level shopping mall, clinics, health clubs and other facilities, the Executive Towers will boast a contemporary design and architectural theme reflecting Dubai’s progressive outlook.

The main contractor for The Executive Towers is Al Habtoor Engineering, while the Business Bay infrastructure is being handled by Halcrow Engineering. – TradeArabia News Service