Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate Shaikhani Group, will deliver its Champions Tower I (CTI) next year.

The tower, which is the first of the four Champions Towers, will be delivered in the first quarter of 2012, the company said.

The developer has reported completion on CTI’s structure and blocking works and is currently working on the first floor windows and tiling works. The company has also reported that it is on track to meet its deadlines for the other Champions Towers projects and Frankfurt Sports Tower.

The expected dates of completion for CTI II is December 2012, CTI III June 2012, CT IV December 2013 and FST in June 2013.

Takmeel, the Shaikhani Group’s newly launched turnkey services provider, will render strategic services like design consultation, value engineering and project management for CTI.

Memon Investments has revealed that the awarding of various contracts to some of the UAE’s leading contractors has played a key factor in the fast paced construction of the towers.

Stromek Emirates Foundation completed the initial excavation and foundation work on the five projects, while Al Sarh Contracting facilitated the construction work and leading MEP contractor Amwar Al Aqsa managed the electrical, plumbing, fire alarm and fighting components.

“The smooth flow of construction and the fast pace of work rendered by our contractors have given us the confidence to assure our investors that we will be able to turn over Champions Tower I by early next year,” said Ahmed Shaikhani, managing director, Memon Investments.

”We remain fully committed to our promise of on-time project delivery. In fact, our newly launched turnkey services provider arm, Takmeel, will be providing turnkey design consultation services for Champions Tower I before it gets turned over to our clients“, he said.

With a total built-up area of 105,133 sq ft, CTI is a 15-storey tower, which will include 135 apartments comprising 49 studios, 50 one-bedroom and 50 two-bedroom apartments. The tower also provides easy access to an 18-hole golf course, a cricket stadium and various sport-oriented academies, rugby and football pitches and a track and field stadium.

CTI is also equipped with modern facilities including a communal swimming pool, spa and sauna, Jacuzzi, a fully equipped gymnasium and an indoor games room. – TradeArabia News Service