Dar Al Arkan, a leading real estate developer in the Middle East, has started work on its Dh800-million ($218 million) development - I Love Florence Tower - located on the Dubai Water Canal in the Business Bay area.

The tower project, which was launched recently, is being built in collaboration with the prestigious Roberto Cavalli International Group which will design the interiors of this grand residential tower.

A first-of-its-kind project, I Love Florence Tower is Dar Al Arkan’s first global operation outside Saudi Arabia, said the developer in a statement.

With a strategic location in Business Bay, the tower not only enjoys a spectacular water-front view of the Dubai Canal but also gives the residents the advantage of easy access to various popular lifestyle, fine-dining and social destinations.

It is also close to the hub of Dubai’s major financial and business centres. The tower hosts 38 floors with one-, two-, three- and four-bedroom apartments and a select few among these get a private elevator as well.

The development also includes two Roberto Cavalli retail attractions - a well-designed lobby and a U-shaped infinity swimming pool, besides 50 parking spots for guests at I Love Florence Tower.

GFG Group will carry out the drilling and foundation works for the project. It will also lay the foundation of the project and carry out the excavation work for the whole site.

Backed by 20 years of experience in the construction industry, the GFG group has completed several projects within and outside the UAE.

Dar Al Arkan said it aspires to execute this unique project harnessing the best of its capabilities; striking a balance between design, high quality execution and timely delivery.

The upcoming tower is indeed a valuable addition to Business Bay in Dubai and offers an inevitable opportunity for investors, to invest in during the period of its construction, it added.-TradeArabia News Service