Construction on ‘Dubai Gate 2’ records unhindered progress

Construction on ‘Dubai Gate 2’ records unhindered progress

Bonyan reports completion of 15 floors of residential tower

May 11, 2009

Bonyan International Investment Group (Holding) L.L.C., one of the leading real estate companies in Dubai, has announced that construction on its ‘Dubai Gate 2’ project is witnessing unhindered progress. Spearheading the construction activities within the luxury residential development is Transemirates Contracting (TEC), a major construction company in the Gulf region, who has committed to fast tracking the construction process while maintaining the high quality standards that Bonyan Group implements in all its projects. The developer reported that the 15th floor slab of ‘Dubai Gate 2’ has been cast, a week after the slab on the 14th floor was cast, while the block work partitioning of the tower has reached up to the 5th floor.

“The ’Dubai Gate 2’ project reiterates the Bonyan Group’s capacity to deliver high class residential units, and the unimpeded development of its construction reflects the growth of Dubai as an economy amidst the challenges in today’s business world,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C. “Our current focus is to hit the delivery deadline that has been agreed between us and our investors, and we are positive that our efforts for this project will ensure the high expectations and investment returns for our clients.”

Located in Jumeirah Lake Towers, ‘Dubai Gate 2’ is a dynamic waterfront community situated adjacent to Sheikh Zayed Road, which will offer 442 one- two- and three bedroom plush apartments with breathtaking views of the lakes and lush green gardens and seven retail areas. In addition to its enviable location, the tower will also offer customers with a wide range of luxury facilities, including health and fitness amenities such as fitness centres, Jacuzzi and temperature controlled swimming pool. With an overall design inspired by the luxury of waterfront living, the nautical blue and white facade of the residential tower complements the aura of the high profile master development where it will rise.

“We are looking forward to the completion and handover of units within ‘Dubai Gate 2’ to new homeowners, who we believe will appreciate the seamless merging of luxury and convenience and its integration within this residential development. It is our commitment to guarantee that construction within this project will not be hindered in any way,” concluded Atatreh.

In compliance with Real Estate Regulatory Agency (RERA), Bonyan has registered under the number 257/2007, and also registered an Escrow account for the project with Emirates Islamic Bank under the number: 0020-071411-080.