By Aarti Nagraj http://gulfbusiness.com
Dubai’s Al Habtoor Group has announced the launch of a massive Dhs11 billion ($3 billion) development called Al Habtoor City on Sheikh Zayed Road.
The project, initially announced last year as a Dhs1.3 billion development featuring three Starwood hotels – W, Westin and St Regis – will now also include three residential blocks.
The residential towers will comprise 1,460 luxury apartments and 11 penthouses, including two VIP penthouses over a four-storey podium.
When completed, the overall integrated complex will include over 3,000 hotel and residential units, a permanent water-themed production designed by Franco Dragone, a tennis academy and club house and a classical French-style landscaped garden.
Located on the banks of the Dubai Water Canal project, the development is expected to attract 20,000 visitors every day and up to 7.3 million visitors a year, the company said in a statement.
The development is slated for completion around the same time as the Dhs2 billion canal project, which is scheduled to open in 2017.
“Al Habtoor City is a very unique project,” said Khalaf Al Habtoor, chairman of the Al Habtoor Group. More info