Deyaar Development announced The Atria, a 1.25 million sq.ft luxury mixed-use twin tower complex launched in April 2014, has achieved close to 25% completion.
An official RERA report has been compiled following the on-site inspection of the project and its advancements, marking the construction update.
Located at Business Bay, the project’s substructure are completed and superstructure is now in progress at Mezzanine level.
Saeed Al Qatami, CEO of Deyaar, said: “Ee remain on the right schedule for the completion and delivery as per the timeline disclosed at the time of the launch.
“We also need to take into consideration the material and equipment that have been ordered and manufactured and are currently being delivered to the site. While the RERA report does not factor this aspect in calculating the percentage, this component that would place the status of construction a few grades higher.”
The Atria includes two tower, one which will be a 30-floor residential complex and the other that will serve as a 31-floor hotel apartment tower.
The Atria is scheduled for completion and handover by mid-2017.