SHUAA Capital Unveils Dubawi Mixed use Development on Sheikh Zayed Road
At Cityscape Global today, SHUAA Capital revealed plans for a new high-rise building that will be a new spots in one of Dubai's most dynamic and sought after communities.
Located in the heart of Dubai on Sheikh Zayed Roadway and near to the dynamic Business Bay location, the "Dubawi" residential property will offer views of the Arabian Gulf on one side and the Burj Khalifa, the world's highest tower, on the other.
The concept was developed by N Studio, the building and interior design technique of Northacre, London, a premium domestic developer with a 25 year record of supplying over 1,000 residences and houses in Prime Central London.
Jassim Alseddiqi, Chairman of SHUAA Capital, said: "The steady roll-out of our strategic development strategies in the initial fifty percent of 2017 has seen SHUAA start to chart a new trajectory that leverages our core toughness to create brand-new opportunities for our firm. Dubawi is a strong statement about both the ambition and the capacities of SHUAA that personifies the optimism we have regarding our company's future expectation."
Designed as a mixed-use hotel and residential tower to attend to need in the UAE's residential, tourist and hospitality sectors, Dubawi will contain circa 500 hotel areas and serviced apartments sharing facilities with the hotel, in addition to over 500 apartment devices and penthouses.
Fawad Tariq-Khan, General Manager of SHUAA Resources, added: "Located beside Dubai's iconic Sheikh Zayed Roadway and close to much of the city's key industrial and leisure hot spots, Dubawi will certainly progress right into a landmark in its own ideal thanks to its range, world-class design and facilities. We are thrilled to move forward with this project, which will certainly build on SHUAA's experience in property while opening new frontiers in a key industry of the UAE economy."
The development scheme will be taken care of by SHUAA's specialised realty possession monitoring division, which currently takes care of properties over of AED3 billion, including realty projects spread out across both the UAE and Saudi markets.
