Saudi-based developer, Tanmiyat Group has completed 83% of construction work on its flagship, $100m The Court Tower.
A mixed-use development located on the Dubai Water Canal, The Court Tower will add 26,012m2 of office space, 198 apartments, and 28,000 of retail space.
Work is progressing on schedule and will be ready to be delivered by October 2018.
Saleh Tabakh, spokesman of Tanmiyat’s management board, and CEO of Delta International Real Estate, said: “We are extremely pleased with the developments made on the project to date. At Tanmiyat Group, we have always been committed to offering impressive and outstanding facilities to our investors.
“To that end, we’ve been working closely with our contractor to deliver the project on time as well as support the long-term economic and social development of the country.”
Beijing Emirates Company was appointed as the main contractor for the project. So far 80% of The Court Tower has been sold.
Tanmiyat Group is also developing another mixed-use community called Living Legends in Dubailand, which is spread over 1,393,545m2 of space.
“Our investments in the UAE have exceeded AED7bn and once The Court Tower is ready, we aim to deliver two more buildings at Living Legends to grow our delivered portfolio to 500 villas, 188 offices at Exchange Tower and 600 apartments at Living Legends,” Tabakh added.