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Deyaar hands over first commercial tower

Dubai, September 23, 2009

Deyaar Development, a regional real estate company, announced that it is handing over all units at The Citadel, its Dh700 million, 41-storey commercial tower located in the Business Bay master development.

The Citadel is now the first commercial tower to be delivered by any developer in Business Bay, and is one of the first real estate projects to be handed over in this strategically located area of Dubai.

The Citadel comprises 565,000 sq ft of office space, including 406 state-of-the-art contemporary commercial units and 29,000 sq ft of retail space. Located just minutes from Sheikh Zayed Road, the upcoming airport in Jebel Ali, and major shopping malls and business clusters in Dubai, facilities at The Citadel include 24-hour security and ample parking space, among others.

The Citadel is not only developed by Deyaar but also managed by the company. Deyaar is also managing five of the six projects it has handed over this year, which include Madison Residency in the Technology, E-Commerce and Media (Tecom) free zone and the Coral, Jade, Ruby and Sapphire Residences at Dubai Silicon Oasis.

“On behalf of Deyaar, I am delighted to announce that we have completed the handover of The Citadel, the first commercial tower in Business Bay, fulfilling our promise to deliver seven projects this year,” said Markus Giebel, chief executive of Deyaar.-TradeArabia News Service




Tags: Business Bay | property | real estate | Deyaar Development | The Citadel |

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