Marina 101 towers, with a height of 426 metres is to become the second tallest tower in Dubai after Burj Khalifa, once it is completed at the end of the year. The tower will be the tallest one in Dubai Marina and outshine the Princess Tower. The tower’s first 33 levels has 300 room hotels and the next 45 levels comprise of 420 one and two-bedroom hotel apartments. A large number of the apartments in the tower have already been bought out by investors before the global financial crisis. Sheffield Holdings states that nearly 85% of the tower is complete and the apartment handovers will take place three to four after the finish date, once cleared from Dubai Land Department.
The apartments at Marina 101 are priced around AED 5.8 million, though the price is higher at the top levels. The 15,000 square feet penthouses on the 100 level are priced around AED 30 million. The apartments are sophisticatedly designed and have a rotunda-style entrance hall, luxurious marble insets and whirring electric curtains that can be operated with a remote control.
Patrick El Khoury, the chief operating officer for Sheffield Holdings stated that the property is one of its kind and therefore the quoted price. He said that the individuals who invest in the property would like to add personal touches to the interiors and incorporate swimming pools and private gardens. He also mentioned that the top floor of the tower has been set aside for a restaurant with a panoramic view of the city.