Dubai-based Tiger properties has announced the completion of its Dh140 million ($38.1 million) Dana Tower, a residential project, built on a total area of 250,000 sq ft at Jumeirah Village Circle.

"Dana Tower" comprises a three- storey underground, G + 20 storey offering 160 residential units ranging from studio and one, two bedrooms, in addition to 10 commercial shops available for leasing.

The project also includes facilities to service the residents such as a swimming pool, health and a sport club, said a statement from Tiger properties.

The developer will start handing over the keys of the new units to the buyers in the next few days.

Taha Al Zoubi, the CEO of Tiger Properties, said the tower has been completed ahead of its deadline which was set at 2013 end. "Tiger, as per its promise, will meet the objectives of owners and buyers who are looking for deferent investment opportunities or to move into their homes without any delay."

He lauded Nakheel for the remarkable development within "Jumeirah Village community mainly the infrastructure and other facilities. "In addition the community is close by the most vital centers in Dubai and located in strategic location to be on the top of the list of investors and tenants," he explained.

“Dubai’s real estate market witnesses strong demand and it has seen a dramatic upturn since the start of 2013, helped by the return of investor confidence in Dubai and fueled by strong demand and a stable economic environment,” he noted.

Al Zoubi said the company plans to launch similar projects in Dubai, Sharjah and Ajman during the next year focusing mostly on residential projects as there is a growing demand for such projects from buyers and investors.-TradeArabia News Service