Al Habtoor City residential towers to be completed in Q2 2017

The three residential towers located within the Al Habtoor City development in Dubai will be completed by the second quarter of 2017, the chairman of the Al Habtoor Group has confirmed.

The Residence Collection within Al Habtoor City includes 1,460 units within two 74-storey towers and one 52-storey tower.

The apartments range from one to seven bedrooms, with the towers also featuring loft-style units and penthouses.

The 12 penthouses, spread over four floors, range in size from 9,472 sq ft to 30,000 sq ft.

Three VIP penthouses spread across four floors also offer two top floors of private entertainment space.

“We anticipate all three towers to be fully completed by end of the second quarter of 2017,” said Khalaf Ahmad Al Habtoor.

“We have already reached 45 floors, surpassing the of 41-storey Westin Dubai, Al Habtoor City hotel, the tallest of the three hotels within the Hotel Collection.”

Al Habtoor also predicted that the prices for The Residence Collection will increase towards the end of August/beginning of September this year.

“I anticipate the prices to increase as we are not a project selling off-plan. We are not selling sand. We have started the sale when construction was already underway and all of our buyers are invited to preview the apartments,” he said.

“The residential project’s location and amenities are second to none. Al Habtoor City is the new centre of Dubai in an unparalleled location. We will be the first project to be completed right on the banks of the Dubai Water Canal,” he added.

The one million sq ft Al Habtoor City development features retail and leisure facilities, as well as a boulevard, marina promenade, the largest swimming pool podium in the UAE at 35,000 sq ft, an indoor and outdoor tennis academy, helipad and landscaped gardens.

It will also feature La Perele, the region’s first permanent theatrical production by Dragone.

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Dubai businessman Al Habtoor says property prices will rise in ‘coming months’