Realty Capital has announced that construction on its centerpiece i-Rise business tower project remains on schedule and will finish on time for the mid-2010 completion date. 

The casting of the tower’s 4th podium floor slab is underway and will be completed within a week, while works for the 5th podium level are already in progress. Mechanical, electrical and plumbing installations as well as block-works are also ongoing at the basement and podium levels, said a statement.

The 1.8 million sq ft development will become one of the largest office towers in the region upon its completion.

“We take pride in handling one of the most awaited projects in Dubai, which has been able to proceed despite today’s challenging business conditions. We assure our clients and partners that work on i-Rise is going smoothly and that we shall continue to anticipate and effectively manage all potential challenges,” said Marwan Mansour, CEO, Realty Capital.

Strategically located at Tecom Site-C, Dubai’s Technology and Media Free Zone, the Dh1 billion ($272 million), 37-storey i-Rise is poised to become a popular landmark due to its unique curvilinear design. The business tower will feature a specially treated podium façade, modern executive and corporate offices, 19 high-speed elevators, dining establishments, commercial space, a fitness centre, a helipad and a multi-storey car park. – TradeArabia News Service