Memon Investments breaks ground on AED 145 million Champions Tower III at Dubai Sports City

The tower is the third and largest development in the Champions Towers series, along with the AED 75 million Champions Tower I and the AED 85 million Champions Tower II.

Senior company officials including Rizwan Shaikhani, Joint Managing Director, Memon Investments; Don Leask, Project Development Manager, Dubai Sports City; Mohammed Shariff, Project Manager (Master planning), Dubai Sports City; Eng Ahmed Al Adl, General Manager, Stromek Emirates Foundations LLC; and Younan Youssef, Manager - Projects, Memon Investments were present at the ceremony.

The event comes after Memon Investments awarded the Shoring and Excavation contract to Stromek Emirates Foundations (SEF), a subsidiary of M`SHARIE and wholly owned by Dubai Investments, to officially commence the first phase of construction. SEF, a specialized piling contractor, announced a deadline of four months to complete the scope of work for Tower III. The main contractor and sub-contractor that will take over once the first phase is completed will be announced shortly.

"Memon Investments has realized yet another goal in the Champions Tower series, and while we are proud of our progress, we also recognize the role played by our partners in helping us achieve our goals and turning our dreams into reality," said Rizwan Shaikhani. "Like the other two towers in the series, Champions Tower III is also poised to become a benchmark in concept, design, and construction and we are glad to work with highly reputed partners such as SEF."

A 16-storey freehold residential tower, Champions Tower III was launched in June this year, has a total built-up area of 250,000 square feet and offers a selection of 132 studio, 108 one-bedroom and 16 two-bedroom apartments. The tower boasts of 5-star hotel features and amenities such as a spacious fine marble lobby, 3 high-speed elevators, basement parking, covered parking on the ground floor, concierge and valet services, 24-hour manned security and an in-house maintenance team to ensure the comfort and security of occupants and is scheduled for completion by early 2009.

The expertise of SEF in mechanical foundations and piling works, employing different techniques, has earned them the much coveted Champions Tower III contract. Established in Dubai in July 1994, SEF has been utilizing cutting edge systems in piling, shoring and anchoring works such as Bentonite slurry suspended method, CFA method, steel solder piles, sheet piles, contiguous piles and secant piles. At present, SEF has completed more than 550 projects across the UAE.

Commenting on the contract awarded, Eng. Ahmed Al Adl said, "Stromek Emirates Foundations is eager to start working on the prestigious Champions Tower III project and more importantly to be involved with a reputed developer like Memon Investments. This will also give us an opportunity to demonstrate our expertise in shoring and excavation works, which has made us an industry leader in the UAE."

Champions Tower III, a superbly designed residential complex amidst the lush gardens and shaded paths of Dubai Sports City, is a throbbing sports and lifestyle hub that boasts of fully-serviced fitness facilities, including a state-of-the-art health club, communal swimming pool, rooftop juice bar, steam, sauna and separate fitness gyms for men and women. Designed by the award-winning architectural and engineering firm, Eng. Adnan Saffarini Office, the tower provides a front-row seat experience to a host of the most important sporting events lined-up in the arenas spread over Dubai Sports City.