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Silver Tower sales success

Dubai, September 1, 2007

Tameer Holding has achieved another awe-inspiring success as all the units in its “Silver Tower” were sold out within two weeks from its launch day.

Tameer Holding claims to be the first among 500 other commercial and residential towers at Dubai Business Bay to announce the selling out of 100 per cent of its units.
 
The new accomplishment came to prove Tameer’s successful strategic approach that was announced at the beginning of this year, and focused on developing its integrated projects with the aim of catering to the needs of businessmen and key companies as well as residents from all social segments. 

Tameer considered its latest success as a significant addition to its unique streak of successive achievements in the local and regional architectural and real estate arenas, and an indicator that gauges the depth of credibility and customer confidence Tameer has established in the real estate community.

Tameer has launched the 260 office Silver Tower in a time of increasing demand for residential and commercial units in Dubai's real estate market, a demand that exceeded supply fuelled by economic growth which has attracted thousands of investors and caused a constant inflow to the emirate, where the population has doubled in the last 10 years, with official forecasts that Dubai's population will reach at 2 million by 2015.
 
“We are proud of gaining the confidence of our valued customers and investors despite the existing competition in the real estate market and the launching of various projects in each part of Dubai,” said Abdallah Hageali , Tameer’s chief executive officer.

“This huge demand for our projects urges us to carry on our commitments to customer care as well as honesty and transparency in performance and execution.
 
“Dubai real estate market saw a golden age that encouraged property developers to be more creative with the themes of their projects with the aim of attracting investors.

“This tough competition among real estate developers combined with the shortage of property supply fuelled our persistent commitment to customers. Those factors are the key behind our success and leading position.”
 
The Dh450 million tower will comprise of 260 offices of varying sizes over 27 of the building's 31 floors, all characterized by the highest standards of design, construction and finishing. The total area of the tower will be around 700 thousand square feet, with a final height of 147.5 meters, and is expected to be completed in 2009.

The location of 'Silver Tower' in Business Bay gives easy access to all parts of Dubai from Sheikh Zayed Road, down to Jebel Ali Free Zone, Burj Dubai downtown, Dubai Media City , Dubai Internet City , and Dubai International Financial Centre.

Additionally, Dubai International Airport is just a few kilometers away from the tower's front doors.

 'Silver Tower' will also be home to state of the art amenities that includes a very modern and sophisticated conference hall fitted with latest  business facilities, fully equipped health club, swimming pools, a mini golf course, 793 private car parking spaces, retail and commercial outlets, a cafeteria and more.

“The tower's façade will be finished in a distinctive and professional-looking fusion of polished aluminum and ultra-smart executive gray glass,” he said.

“The interior's design will make optimum use of space and light and every detail has been attended to, from its six high-speed elevators and four levels of car parking, to its top-class leisure facilities.”

The journey of Tameer began in 1991. Tameer, a UAE-based company, has grown and expanded over the years with the aim of becoming the leading property developer in the region.

In 2005, Tameer Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty mark


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