Dubai-based real estate developer, Gemini Developers, broke ground and began construction of its 29-storey Symphony tower in Business Bay.
The tower is the second in the series of high-end luxury residential projects planned by the developer, after 90% completion of their Splendor at MBR City project in Sobha Hartland community.
Symphony project has a built-up area of 33,628sqm; the apartment units range from 40sqm to 269sqm. The G+29 tower will house 455 residential apartments that include studio, one-, two-, and three-bedroom flats. The residential project will be equipped with amenities like smart home technologies, gym, yoga lawn, swimming pool, rooftop BBQ, jogging track, kids play area, retail stores, green open spaces, and concierge services for the residents.
The ground-breaking ceremony marks the beginning of the construction of the project that is slated for completion in May 2020 five months before the Expo 2020 begins on October 20.
Sudhakar R Rao, managing director of Gemini Property Developers, said: Dubais upward market trend has given us enough reason to launch new projects. Due to the growth of the non-oil economy, Expo 2020 and other mega developments, we foresee the market to remain on this upward trajectory of sustained growth.
The UAE has emerged as one of the most vibrant, cosmopolitan and progressive countries in the Middle East and there is very strong demand for value-for-money housing in many parts of the country. We are confident that due to UAEs preference for high-quality living, our projects will be well received.
He continued: This milestone project marks an important phase of our journey into the real estate industry and reinforces our position in the Dubais real estate market, which gave us a leverage to launch more such projects that are in-demand for both investors and end-users.
The developer has awarded the enabling works contract to National Piling and will be announcing the contract with the main contractor soon.