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The Wave Business Towers in Jumairah Village a sell out
- September 20, 2006, 10:25 pm
High Rise Real Estate and their sales and marketing partners, Aspire Real Estate are pleased to announce that the landmark commercial development set in Jumairah Village - The Wave Business Towers (TWBT) - has been sold out in record time and investors are already seeing great yields on their investments.
Currently valued at one billion Dirhams, The Wave Business Towers comprises three towers of 40 floors each of commercial real estate. Complete with high speed wireless broadband, and fully automated building systems like fire and crisis management systems, air-conditioning and high speed elevators all backed up by a central IP enabled backbone for each tower, the TWBT development will provide much needed state-of-the-art office space.
With more than 70 investors -both regional and international, buying the first phase of the towers, they have already seen their investments rise to 560 Dirhams, more than a 15 per cent yield in just over 4 weeks.
‘Our investors are very excited about their investment and the future looks very bright for Aspire Real Estate and The Wave Business Towers,’ says Harshit Kantaria, Managing Director of Aspire Real Estate.
‘The very fact that the TWBT development worth, one billion Dirhams sold out in just 4 weeks is a testament to our real estate sales and marketing strength,’ he added.
High Rise and Aspire are so confident in the The Wave Business Towers that they are predicting a 100 per cent rise in yield over the next 2 years.
The names behind ambitious projects such as The Rotating City, and the Emirates Flag development, High Rise Real Estate is making waves in the architectural community with their iconic projects and 100 per cent track record of delivering on time.
Construction of the TWBT begins at the end of 2006 and is expected to reach completion in 2008.
‘The stunning design, functional form and strategic location of The Wave Business Towers makes it the natural choice for high profile businesses,’ said Faisal Ali Moosa, Managing partner of High Rise Real Estate.
The TWBT development has a total of 1.3 million sq ft and three towers of 40 floors each of commercial office space. There are over 960 office spaces in the three towers. Most offices overlook the lake or the park and also offer a fantastic view of Dubai Sports City.
The project has been conceptualized and designed by Dimensions, a prestigious architect and design firm based in Dubai, which has designed several high profile commercial and residential projects in Dubai.
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