Iris launches $680m Maritime City project
Dubai, July 7, 2008
Iris, a leading property developer in the region, has announced the launch of its Dh2.5 billion ($680 million) residential development, Iris Mist in the iconic Maritime City.
Designed by renowned architects, WS Atkins, Iris Mist will be the first development in this region to take the shape of patterned sea waves that rise from the Marina over the promenade and gracefully sweep up to 200 meters in height.
"When complete, the freehold development will offer 54 residential floors of 355 luxury apartments comprising one, two and three bedroom units, six retail outlets and 28 units of office space," said Ashwin Sheth, CEO of Iris and managing director of Sheth Estate.
“With the launch of Iris Mist, we reconfirm, our keenness to meet and exceed the expectations of individuals and investors wishing to buy unique properties at competitive prices within a mixed-use city,” he added.
Strategically located on Plot R6 in the Harbour Residence District of Dubai Maritime City, Iris Mist is spread across an impressive built-up area of 850,000 sq ft. The development is strategically located within close proximity to Sheikh Zayed Road, Jumeirah Beach Road, Bur Dubai and Dubai International Airport.
With a team of world-class consultants on board, Iris Mist is due to be handed over by July 2011. The tower will be a "Green Building" and will be certified according to the U.S. Green Building Council LEED Rating System.
According to the Maritime City's Master Plan, all developers must obtain green building certification under the BRE Environmental Assessment Method (BREEAM) or Leadership in Energy and Environmental Design (LEED).
In addition, all buildings in the Maritime City will be reviewed to assess the degree of compliance with the environmental requirements in terms of design, operations and best practices.-TradeArabia News Service