DUBAI: Deyaar Development has revealed plans for a 1 billion dirham ($272 million) skyscraper in Dubai as high-rise construction in the emirate revives.
The Business Bay tower will include an Olympic-size infinity pool and an outdoor winter cinema, the developer said in a stock exchange filing.
Deyaar CEO Saeed Al-Qatami said the project would “set a new benchmark for high-end urban living in the heart of the city.”
Dubai developers have been encouraged to announce new projects amid rising demand for luxury real estate in parts of the emirate and despite a continuing glut of new homes due to be completed.
The developer, which is majority-owned by Dubai Islamic Bank, said units in its tallest ever project will be offered with a 10 percent down payment and a seven-year repayment plan.
Dubai high-rise construction makes a comeback with Business Bay skyscraper
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Dubai high-rise construction makes a comeback with Business Bay skyscraper
- Luxury skyscraper will have Olympic-sized infinity pool
- Units offered on 10 percent down payment
