Al Manara Tower is being developed by Tiger Properties at a cost of over AED200 million and is expected to be completed in 24 months. The building will also house retail outlets and a range of leisure and recreational facilities, including a health club with gym, swimming pool, sauna, Jacuzzi and steam room.
Construction work on Al Manara Tower has already reached 20%.
Taha Al Zoubi, CEO of Tiger Properties, said: “Dubai is currently experiencing many positive developments at the economic level and these are supported by a host of success factors locally, regionally and globally."
"The UAE investment environment has become one of the most attractive markets for capital, trademarks and is a first-choice destination for multi-national companies. The country has been able to strengthen its leading position at the top of the Edelman List in terms of confidence in the government and in the economy, surpassing global prominent markets that include China, Singapore, India and Indonesia,” Al Zoubi said.