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Emaar completes foundation of The Tower at Dubai Creek Harbour


Emaar Properties, the developer of the world’s tallest tower Burj Khalifa, a joint venture with Dubai Holding, said it has completed the pile foundations for the global icon The Tower at Dubai Creek Harbour.

In the coming days, the first structural facets of The Tower will be visible with several dedicated teams already on-site to accelerate the development work of The Tower at Dubai Creek Harbour, only ten minutes from the Dubai International Airport.

Emaar has set a new world-first with the foundation work for The Tower at Dubai Creek Harbour. The pile was tested to a load of over 36,000 tonnes – the maximum carried by a single foundation pile to date – and a statement on its strength and durability. More than 145 barrette piles have been used to form the foundation for The Tower at Dubai Creek Harbour, designed by Spanish-Swiss architect Santiago Calatrava Valls.

With its perfect combination of super-strong foundation, The Tower at Dubai Creek will leverage the latest advances in construction and engineering for its on-schedule completion, when it will open doors to the world to several observation decks that offer 360 degree views of the city and beyond. Among The Tower’s features are The Pinnacle Room and VIP Observation Garden Decks that recreate the splendour of the ‘Hanging Gardens of Babylon,’ one of the Seven Wonders of the Ancient World.

The 6 square kilometre Dubai Creek Harbour sits by the Dubai Creek, overlooks the Downtown Dubai skyline and is near the Ras Al Khor Wildlife Sanctuary, a biologically diverse wetland reserve and home to over 67 species of water birds, protected under the UNESCO Ramsar Convention. The Tower is also linked to a Retail District, one of the largest in the world.

The Tower adds incredible economic value to Dubai Creek Harbour where Emaar has unveiled exceptional residential projects including Creek Gate, Harbour Gate, The Cove, Dubai Creek Residences, Creekside 18, Harbour Views and Creek Horizon homes. All have gained strong investor interest from the region and international markets.

Emaar Properties, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 190 million sq. m in the UAE and key international markets.

Emaar has delivered around 41,500 residential units in Dubai and other global markets since 2001. Emaar has strong recurring revenue generating assets with over 690,000 square metres of leasing revenue generating assets and 14 hotels and resorts with around 2,700 rooms. Today, around 55 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s largest shopping and entertainment destination, are among Emaar’s trophy developments. Emaar has now launched a magnificent new tower that will serve as the centrepiece of the Dubai Creek Harbour development, a joint venture with Dubai Holding.

Dubai Holding is an investment conglomerate with operations in 21 countries employing over 22,000 people. Established in 2004, Dubai Holding today manages an Dh130 billion portfolio of assets, which supports the strong development of Dubai’s non-oil economy across sectors including; tourism, hospitality, real estate, media, ICT, education, design and trade. Its portfolio includes TECOM Group, which manages 11 of Dubai’s most successful business communities; Jumeirah Group, the hospitality arm which owns and operates 21 hotel developments in 9 destinations in 8 countries.

 

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