Aakar Developers, a leading Canadian real estate and property developer, has announced that 30 per cent of its Dh200 million ($54.45 million) project Canada Business Centre (CBC) Tower has been completed.

The company has also revealed that the project, located at the main entrance of Business Bay, is set for completion by the third quarter of 2009. Aakar Developers has revealed that the Canada Business Centre is poised to be among the first projects to be delivered in Business Bay.

Furthermore, EllisDon Project Management, the client representative for CBC tower, said that the pace of construction is swift and the construction site is highly active with over 500 workers, site managers, engineers and other personnel, who have been deployed to ensure a smooth and consistent pace of development.

Upon its completion, Canada Business Centre will incorporate a wide range of high-technology facilities and infrastructure designed to cater to the needs of various business organisations.

"One of the biggest advantages of the Canada Business Centre is that we have maintained a healthy pace during all stages of the project development, which will ensure a timely delivery. The ongoing global market slowdown may not even impact the sales success of the Canada Business Centre as the expected shortage in supply of world-class, high-technology business towers will enhance the project's business prospects during its scheduled delivery in 2009,” said founder/chairman, Aakar Developers, Yadvinder Singh.

Set to accommodate the regional headquarters of leading and rapidly growing Canadian businesses in the Middle East and other Dubai-based companies, the CBC Tower will comprise three basement levels, a six-level indoor parking, four podium levels including the ground floor, 16 floors of modern offices and 7,500 square feet of retail space on the ground level.

Strategically located at the main entrance of Business Bay and offering a scenic view of the renowned Burj Dubai development, the tower has been equipped with high-tech conference rooms, modern business facilities and offices, and offers panoramic lake views through the floor-to-ceiling windows.

The commercial tower will also house various rest and relaxation facilities such as a fully equipped gymnasium, steam room, rooftop pool, Jacuzzi, food courts and a shopping boulevard. – TradeArabia News Service