Deyaar Unveils AED 1.5 billion twin towers at Business Bay

Initiating an impressive landmark in the commercial heart of Dubai, Deyaar, the region's fastest growing real estate company, today unveiled `Bristol Towers' – a uniquely designed AED 1.5 billion twin tower project at Business Bay.

With the launch of Bristol Towers, Deyaar now has a dozen projects on Business Bay. Its properties rank amongst the most sought after in the development.

Announcing Deyaar's latest project, the company's Chief Executive Officer, Zack Shahin said, "We are proud of our portfolio at Business Bay as each of our projects has been very well received by our customers. Bristol Towers are the jewel of that collection. The project is amongst the largest and most exquisitely designed undertakings at Business Bay, with premium facilities".

The prestigious project comprises a residential and a commercial block - Bristol Residency and Bristol Executive. Rising 29 storeys, the imposing towers will feature a refreshingly beautiful exterior resembling an open book.

Bristol Towers is one of the biggest projects being developed by Deyaar. Its unveiling is indicative of a series of significant launches due to be announced by the company in 2008.

Shahin further added,”Our customers are increasingly reinforcing their trust in us as we are able to constantly deliver on our commitments of ensuring quality, transparency and timely deliveries,"

Deyaar is recognized as a leading developer in Business Bay with a number of already sold out projects including The Citadel, Metropolis, Burlington, 51 @ Business Bay, Oxford Tower, Fairview Residency and many others. All the company's developments are in high demand on the secondary market and draw customers from UAE as well as overseas.

Deyaar's twin tower project will spread across a total sellable area of 623,680 square feet and offer ample parking spaces with over 1,300 parking units.

Bristol Residency offers a range of spacious studio, one, two and three bedroom apartments. The tower will feature a wide range of amenities, including large podium level landscaped courtyard, swimming pool, gymnasium, separate sauna and steam rooms for men and women and many other luxurious amenities.

Bristol Executive will offer modern designed office spaces along with a host of facilities; a podium level garden with outdoor sitting area, security systems, and state-of-the-art IT facilities.

Spiraling rentals, great location and the potential for high returns has made Business Bay an attractive investment option. Demand is substantially high for homes and offices developed by Deyaar as it utilizes the best design teams, contractors and project managers that strictly adhere to international standards.

The fact that all of Deyaar's earlier projects at Business Bay have been sold out within a remarkable time reflects the great confidence and trust that customers have in Deyaar projects.

Clients of Bristol Residency and Bristol Executive will avail highly competitive finance schemes from the UAE's leading banks, National Bank of Dubai, Tamweel, First Gulf Bank, Abu Dhabi Commercial Bank, and Dubai Islamic Bank.