Reuters: Market Data
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Friday, May 1, 2009
Ocean Heights real estate project in Dubai Marina reaches 50-storey mark
source Go Wealthy
DAMAC Properties, Dubai-based luxury lifestyle provider, has announced the completion of the 50th floor of its flagship real estate project - Ocean Heights at Dubai Marina. Gearing to become one of the tallest buildings in Dubai Marina, 84-floor tower is being completed at the rate of a floor a week.
DAMAC Properties, Chairman & Founder, Hussain Sajwani, said, "This is a significant day for Ocean Heights and also for DAMAC Properties. At a time when all the talk is of construction slowing down and projects being cancelled, we are pleased to announce that we are going full steam ahead on Ocean Heights."
Construction of Ocean Heights commenced in 2007 and completion is expected in the summer of 2010. The real estate development will offer 680 apartments ranging from 1 to 3 bedrooms. In addition, several floors of the building will feature DAMAC Properties' Signature Series penthouse range. It will offer variety of leisure amenities apart from being well connected with Dubai Metro.
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