Al Madar Investments, a leading property developer in the region, has launched Suhail Tower, a Dh1.4 billion ($381 million) residential project located in the Madinat Al Arab area of the Dubai Waterfront.

Planned to be completed in late 2011, the 47 -storey tower will encompass studio, one, two and three bedroom apartments with luxury penthouses occupying the top three floors; and boasts a top-end home automation system, as well as several swimming pools, a gymnasium, a badminton court, and concierge services alongside the coffee shop and retail units on the ground floor.

“The location of the Suhail Tower is a key selling point,” explained Keith Pepperdine, director of sales and marketing, Al Madar Investments, during the launch of the project. 

“With priceless views over the Arabian Gulf from all levels and with the open parkland and canal running along the back of the project, it has a very tranquil ambience combined with close proximity to key destinations in Dubai,” he said.

“Of course, the huge value of the tower – at Dh1.4 billion – also gives some indication of the superior quality of the design, interiors, finishing and facilities that investors and residents can expect,”  he added.

Madinat Al Arab is one of the 10 areas of the Dubai Waterfront, and is being developed by an international consortium of architects, planners and urban developers. The area, expected to become Dubai’s new downtown and central business district, will feature resorts, as well as residential, retail and commercial spaces linked by an integrated transport system.

Suhail Tower is the latest addition to Al Madar’s extensive Dubai property portfolio, which also includes Coopet, a mixed-use building located at a prime location in Arjan, Dubailand; Siraj Tower, also located in Arjan, Dubailand; Bellagio Tower, an office building in Liwan, Dubailand; and Scala Tower a residential tower in the heart of Business Bay which is already well advanced with construction.

Al Madar Property Investments is a division of Al Madar Group, a Qatari company founded in 1992 and specialised in the design and construction of civil and industrial projects as well as infrastructure and marine development works. –TradeArabia News Service