Saba Group awards construction contract for AED 170 m Saba Office Tower to ACC

A top official of Saba Group said that ACC was awarded the construction contract for the AED 170 million project following a comprehensive due diligence process, including a public tendering exercise and several rounds of evaluation and assessment by the company's project development team.

Mr. Behrouz Javaheri, Chairman, Saba Group said that as the first free-hold office project in Dubai, Saba Tower I is a pioneering development that has led the way in the delivery of an unmatched proposition to businesses operating in the emirate. "We have conceived Saba Tower I as an ultramodern building within a progressive community that is poised for booming growth, offering high-class professionals the opportunity to work from business premises that reflect their business objectives, ambitions, goals and dreams."

"In keeping with this positioning Saba Tower I incorporates cutting edge architectural and design elements. Our choice of ACC for the construction contract was made on the basis of their proven ability and experience in the execution of several complex and demanding real-estate development projects across the UAE and broader Middle East region," added Mr. Javaheri.

Strategically located within the emerging business district in downtown Dubai, Saba Tower is one of the first real-estate developments in the Jumeirah Lake Towers development being promoted by Nakheel.

Offering a spectacular view of the famed The Palm Jumeirah development, and a stone's throw from Dubai Internet City and Dubai Media City, the 36-storey Saba Tower has been conceived as a spectacular, high-quality commercial project that offers investors the ideal setting for an optimum investment.

Mr. Javaheri further added that following the completion of the piling and foundation works ahead of schedule, complete construction mobilization on the site has been completed. "Full-scale construction on the project has already commenced and we expect to adhere to the time-lines that we have committed to our customers," he added.

Saba Tower I is the first in a series of a planned investments amounting to US$ 1.2 billion by Saba Group in the freehold property sector in Dubai. In November, 2003 the Group launched the first twin-tower freehold residential complex - the 36-sorey Saba Tower 2 &3 - within the Jumeirah Lake Towers community.

Mr. Hassan Auji, General Manager, ACC said: "It is a privilege for us to be closely associated with the development of such a unique and pioneering project. We believe that the project will add to our reputation of being partners of a number of landmark projects in the region and in the UAE."

"We have been operating in the region since 1967 through a comprehensive regional network throughout the Middle East. Our projects span from power generation and desalination plants to factories, hotels, hospitals, residential and commercial buildings," he added.

The primary consultants for the Saba Tower project are the reputed UK-based architectural and design firm, RMJM. Saba Tower offers office space ranging from 1132 square feet to an entire floor of more than 9000 square feet to businesses at a competitive rate of AED 500 per square.

The amenities Saba Tower offers to investors include a highly advanced health club, a wide choice of recreational facilities and a most modern conference centre. The project is located in scenic surroundings offering spectacular view of The Palm Jumeirah development. It is also a stone's throw from the Jumeirah Islands project, Dubai Marina and Dubai Internet City.