Tameer Holding Investment said the construction work at its Dh1.7 billion ($462.7 million) 'Elite Residence' project in Dubai Marina was on track with Cladtech International commencing the cladding work on the 91-storey tower.

A leading property developer in the Middle East, Tameer said the 'Elite Residence Tower' has a unique design which combines classic architecture with a modern layout and stylish finishes.

“Cladtech, a leading UAE based cladding contractor, has commenced work and is progressing at an excellent rate on the Elite Residence project. It will offer one of the most desirable addresses in Dubai Marina, the city’s most sought-after residential district,” said Federico Tauber, president of Tameer.

“Once completed in 2011, the new landmark development at a height of 380 meters will become one of the world’s tallest residential towers and will house around 1,500 residents,” he added.

The 91-storey tower includes, four basements, two gymnasiums, three swimming pools, a children's play area, a luxury reception, a prayer area and 24-hour security. The project provides a mixture of spacious 1 and 2 bedroom apartments, and expansive 3 and 4 bedroom penthouses, with a total of 696 apartments.

Elite Residence is ideally located in Dubai Marina and enjoys panoramic views over The Palm Jumeirah and Marina and is just minutes away from Dubai Marina Mall, Mall of the Emirates, and industry free zones Dubai Media City, Dubai Internet City and Jebel Ali.

Additionally, the high-rise residential tower offers easy access to the Dubai Metro Red Line, the future Al Sufouh tram line and is situated steps away from The Walk at Jumeirah Beach Residence with its abundance of quality hotels, restaurants and boutique shops plus an open beach with water sports facilities.-TradeArabia News Service