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Saturday, December 5 - 2009

ETA Star unveils the AED 1.5 billion Starhill Towers & Gallery at Business Bay

  • United Arab Emirates: Sunday, April 15 - 2007 at 15:24
  • PRESS RELEASE

ETA Star, a leading property developer in the UAE, today, announced at a press conference the launch of its AED 1.5 billion Starhill Towers & Gallery located at Business Bay.

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  • From left to right: Eric Eoon Whai San, Executive Director, Business Development, YTL Corporation; Arif B. Rahman, Group Director, Finance, ETA ASCON & Star Group; Abid A. Junaid, Executive Director, ETA Star Properties & Toh Sze Chong, Director, DP Architects, Singapore at the Starhill Towers & Gallery launch press conference.
    From left to right: Eric Eoon Whai San, Executive Director, Business Development, YTL Corporation; Arif B. Rahman, Group Director, Finance, ETA ASCON & Star Group; Abid A. Junaid, Executive Director, ETA Star Properties & Toh Sze Chong, Director, DP Architects, Singapore at the Starhill Towers & Gallery launch press conference.
Starhill Towers & Gallery is a twin tower waterfront development comprising state-of-the-art freehold offices, a 5-star hotel and a luxury shopping mall. The mall that will be part of the project is the famed Starhill Gallery owned by the multi-billion dollar conglomerate YTL Corporation Malaysia, is a world-class shopping destination that has redefined the experience of luxury shopping.

The 31-storeyed office tower of the project offers freehold office spaces ranging from 934 sq ft to 1,645 sq ft and boasts of waterfront views for every office. Starhill Towers & Gallery is equipped with all the modern amenities including high speed elevators, swimming pool and gym, excellent communication facilities, 24/7 security and maintenance and ample parking facilities.

Speaking at the press conference, Abid Junaid, Executive Director, ETA Star, said, "As a true twin tower integrated development in Business Bay offering world-class facilities and attractions, the Starhill Towers & Gallery is certain to create a mark in Dubai's property development setting. The significance of the project is amplified by its enviable location at the heart of Business Bay with waterfront views on one side and the prestigious Burj Dubai on the other."

"We are pleased to be the property developer for a project that houses the unique Starhill Gallery luxury mall owned by the Malaysian conglomerate YTL Corporation. The mall will be a gallery of luxurious experiences in fashion, food, beauty and art and consists of several dedicated zones. Moreover, we will have a leading 5-star hotel chain managing the hotel at the project," added Junaid.

Construction of the Starhill Towers & Gallery is set to commence in the third quarter of 2007 and the project is scheduled for completion in the second quarter of 2010. ETA Star also announced a special limited offer from the First Gulf Bank whereby investors can avail up to 80 per cent finance for the project without the loan processing fee.

Tan Sri Francis Yeoh, Managing Director, YTL Corporation, said, "We are glad to partner with the ETA Star and set foot in Dubai, which is growing at an incredible pace. Although Dubai is known for its huge shopping malls, we are confident that the Starhill Gallery will create a mark for itself with its distinctive design, architecture and a unique shopping experience it will offer."

M/S D P Architects of Singapore who are known for designing several landmark projects around the world including The Dubai Mall, are the concept architects for the Starhill Towers & Gallery, which will have a total built up area of approximately 1.6 million square feet.

ETA Star is one of the leading property development companies in the GCC and is the first developer in the region to be awarded the ISO certification. The company has successfully launched projects close to 10 million sq ft in various master development communities like Dubai Marina, Jumeriah Lake Towers, Dubai International Financial Centre, Business Bay and International Media Production Zone. ETA Star's portfolio includes pioneering projects such as 23 Marina, Al Manara, Liberty House, Gold Crest Executive, The Palm Jumeriah Residence and Spa and Grandeur Residences, The Summit, Pearl Residence, The Belvedere and Gold Crest Views-2.
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Notes and media contacts

ETA Star Property Developers LLC is the property development arm of the ETA-Ascon Group. The company's prime objective is to harness the growing commercial opportunity in Dubai's freehold market.

Developments over 5 million square feet of built-up area are already underway and many more are planned over the coming months. ETA Star's portfolio currently includes prestigious commercial and residential properties such as 23 Marina, Liberty House, Goldcrest Executive, Goldcrest Views - 2, The Belvedere and The Palladium. In addition, ETA Star is developing
commercial and hospitality projects at the DMC complex, Palm Jumeirah Crescent, Port Saeed, Salahuddin Road and other prime locations in the U.A.E. ETA star is also developing major residential & info-tech parks in India & Sri Lanka.

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