A look across the Dubai skyline and there’s no shortage of possibilities for a place in the UAE’s top 10 tallest residential towers.
But there’s set to be a new inclusion after the developer Damac confirmed that its 94-level Damac Heights tower in Dubai Marina has topped out.
Once completed, it could be the country’s seventh tallest residential tower at a height of 335 metres, featuring 94-levels and costing Dh2.4 billion.
It would place behind Dubai’s Burj Khalifa (828m), Princess Tower (413m), 23 Marina (392m), Abu Dhabi’s Burj Mohammed Bin Rashid (381m), and in Dubai Marina the Elite Residence (380m) and The Torch (337m).
Sheffield Holdings’s Marina 101 has also topped out at 426.5m, which would make it the UAE’s second tallest, though its completion date has not been confirmed.
In August, Meydan announced its Meydan One project which is slated to include a 711m residential tower.
Damac meanwhile confirmed that facade work on Damac Heights had reached level 69, with handover expected to be at the end of next year.
It will comprise one, two, three and four bedroom apartments, plus duplexes and penthouses. The top 40 storeys will be high-end with bespoke interior design.
“Occupying top 40 storeys of 94-level tower, each of the luxury apartments at Damac Residenze is fitted out with the latest furnishings from the Fendi Casa collection to provide the most stylish living experience,” said Niall McLoughlin, senior vice president, Damac Properties.
Property prices in Dubai have been sliding throughout the year and are expected to continue to fall next year with a growing supply.
A report last week from Cluttons said that while off-plan sales have remained popular, prices are expected to fall by 3 to 5 per cent in 2016.
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