Damac Properties has announced the structural completion of its eighth project over the last one year with the final concrete pour on its Park Towers project at the Dubai International Financial Centre (DIFC).

The unique 46-floor dual-tower development, designed by Gensler, is due to be handed over later this year and will be one of the most iconic projects in DIFC neighbourhood. The Park Towers project is being constructed by Sharpoorji Pallonji.

Damac Properties also announced that it has handed over new construction contracts for developments in Business Bay, Reem Island and Egypt as part of its commitment to construction and delivery of its projects.

Mohandass Saini, managing director and CEO of Sharpoorji Pallonji, joined construction workers and members of the project management team from Damac at a special ceremony to mark the final concrete pour.

"Park Towers is the most prestigious development for us to be involved with and the first that we have worked on with Damac Properties. We are delighted to be building such an iconic and striking development that will stand forever as a testament to the hard work of all our staff here today," Saini said.

“We are pleased to be part of the continuing Dubai success story and I congratulate everyone on the achievement of reaching the top floor,” he added.

Ziad El Chaar, general manager of Damac Properties, said, “In recent months the construction staff here have been working at a rate of completing one floor every five days. So I would like to thank them for this tremendous team effort."

“We have made it very clear that we will be continuing into 2010 with a focus on construction and delivery and milestones like this one help us to show that we are committed to this,” El Chaar noted.

Park Towers will offer more than 500 apartments in a range of sizes. Thanks to its glazed finish, each apartment will offer stunning uninterrupted views of the growing and maturing DIFC landscape.

External glass and aluminium cladding continues at pace and the building’s distinct blue double glazed finish is now clearly visible. The cladding at Park Towers is being carried out by Arabian Aluminium – who also worked on the record breaking Burj Khalifa project.

“To reach the top floor of the building marks a significant stage in the entire construction and development process. We will now be working hard to continue with the same focused progress on the exterior finishing of the building while the MEP works and interior designs and specifications are finalised,” he remarked.

In addition to offering freehold residential units for both UAE nationals and expatriates, Park Towers will feature three levels of distinctive retail, seven levels of state-of-the-art offices.

In addition it will have excellent connectivity with direct pedestrian access to the DIFC retail spine and financial centre and is within easy walking distance of the Metro stations - the main one of which has already started serving the area.

It will also be excellently positioned for the Downtown area with the extensive shops and restaurants of Dubai Mall on hand and the world’s tallest tower Burj Khalifa just minutes away.

“It is exciting to see that main construction work is now ending and that we are moving forward with the next phases of the development,” El Chaar added.-TradeArabia News Service