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Dubai Investments to deliver Al Barsha Tower by September 2020

Dubai Investments to deliver Al Barsha Tower by September 2020

The project stands 95 per cent complete

Dubai Investments Real Estate Company (DIRC) has announced 95 per cent completion of the Al Barsha Tower in Dubai. 

The project is slated for handover in September 2020. 

Obaid Mohammed Al Salami, general manager of Dubai Investments Real Estate Company, a subsidiary of Dubai Investments, said: “The Al Barsha Tower is DIRC’s first project in the Al Barsha area. With the opening of the Mall of the Emirates for more than a decade now, the Al Barsha area has now become a major commercial and residential hub with affordable housing options in Dubai. The area’s location and accessibility makes it a great choice for families. Offering an ideal mix of residential and commercial spaces, set amidst a metropolitan atmosphere, we are positive that the tower will provide an ideal living space, providing a perfect mix of residential and commercial options.”

The tower, spread over an area of approximately 39,000 sq.ft, will comprise of a mix of 278 residential units comprising of 132 studios, 122 one-beds and 24 two-bed apartments spread on 14 floors.

The tower also includes more than 22,000 sq.ft of commercial area that will accommodate seven retail outlets. The recreational facilities within the tower includes a gym and a play area.

The tower is also inclusive of four levels of covered parking for over 300 vehicles.

Situated within walking distance from the Mall of the Emirates and adjacent to the First Al Khail Street at Al Barsha 1, the tower is accessible by Sheikh Mohammed Bin Zayed, Al Khail, and Sheikh Zayed roads.

Dubai Investments recorded a net profit of Dhs459m for the period ending September 30, 2019.

Read: Dubai Investments records Dhs459m net profit for first nine months

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