Tameer launches Al Shahd Tower

Located within the elite Emirates Hill project, the latest project will cover a Building area of 159,000 square feet, and will consist of 17 floors including the ground and basement levels. Uniquely, Al Shahd Tower will be offered only on rent to tenants, and is not for sale.

Being built at a cost of AED 50 million, the Al Shahd Tower is expected to be a distinguished landmark within the Emirates Hill project. Adding on to the value of the project, the development will also gain mileage through addressing the growing requirements for high-quality residential and commercial space in Dubai. As per plans, the Al Shahd Tower will comprise of 168 apartments, including studio, single and 2 bedroom units. Activities for the high-quality commercial and
residential project are expected to start within a week and, the entire development is forecasted to be completed by March 2007.

Speaking on the latest Tameer project, Mr. Omar Ayesh, President of Tameer Holding remarked: "We are delighted to announce the launch of the Al Shahd Tower within the Emirates Hill. The project is already envisioned to be a huge success by virtue of the huge demand for quality multi-use space, and the consistent standards of quality that Tameer continues to deliver. While we have established a strong foothold within the freehold property market, the Al Shahd Tower will be offered only on rent. Apart from aesthetic architectural aspects, tenants at Al Shahd will also benefit from being located at an excellent landmark, and through functional benefits such as parking, well-lit corridors and other utilities which are essential for comfortable living."

Formed through a strategic partnership between Al-Rajhi Investment Group & Tameer Property Establishment, Tameer Holding had entered the thriving UAE property market with the world's tallest tower "Princess Dubai", located in Dubai Marina, the Dana 1 & Dana 2 projects in International City, and Al-Ameera Tower, Sharjah's tallest residential tower. Today, the firm's investment portfolio in the market totals AED 40 billion.