Vernus Early Learning Centre plot photos, Jumeirah Lakes Towers, JLT, Dubai, October 2014

Al Saqran Tower construction photos, Jumeirah Lakes Towers, JLT, Dubai, October 2014

One JLT construction photos, Jumeirah Lakes Towers, Dubai, October 2014

New Dubai Gate 2 photos, Jumeirah Lakes Towers, JLT, Dubai, October 2014

Wind Towers construction photos, Jumeirah Lakes Towers, JLT , Dubai, October 2014

Dubai Star photos, Jumeirah Lakes Towers, JLT, Dubai , October 2014

Preatoni enters UAE property Market by acquiring 191-metre-tall ‘Dubai Star Tower’ at Jumeirah Lake Towers (JLT)

Preatoni enters UAE property Market by acquiring 191-metre-tall ‘Dubai Star Tower’ at Jumeirah Lake Towers (JLT)

Italian real estate pioneer Ernesto Preatoni says the acquisition reflects a rebound in investor appetite for JLT

Dubai, UAE, 14 June 2014: Preatoni, a leading European property developer which recently launched Preatoni Real Estate company in Dubai, has bought a 100 percent stake in Dubai Star Tower, which is under construction at Jumeirah Lake Towers (JLT).

Ernesto Preatoni, Founder and Chairman of Preatoni Real Estate, said: “Reflecting a rebound in investor appetite for JLT, this strategic acquisition is extremely delighting news to purchasers of Dubai Star Tower as the equity of their homes is automatically raised remarkably given the fact that work was resumed instantly to complete the construction of the project.”

Offering spectacular views of deep blue waters and eternal sunshine, the 191-metre Dubai Star Tower will be a magnificent place to unwind. The tower boasts a futuristic design through a fusion of architectural elements, while commanding a distinctive style and aesthetic expression of its own.

The tower incorporates retail and office spaces and luxury residential units that come with contemporary furnishings, latest amenities and a cosmopolitan look.

Stunning views, ceramic floor tiles, solid core entry door, walk-in closets, insulated and double glazed windows, grand lobby area and tiled balconies are some of the amenities of the new tower.

The tower also incorporates recreational facilities such as a world-class spa and swimming pool services that are all provided to tenants in a 5-star service hotel ambience.

Preatoni added: “Offering breathtaking views of an expansive horizon that changes a million hues as the day goes by, every place in Dubai Star is thoughtfully laid out to create a sense of space and comfort.”

He added: “We anticipate huge demand for this tower from investors from all over the world because the Preatoni name spells financial safety, strong reputation and great credentials in Europe and in other many places in the world.”

Preatoni added: “We have invested in this iconic structure that is fast taking shape as a prominent landmark on the Dubai skyline. We are proud to say that Preatoni has a reputation for long-term investor care. We are adding value to the property, because of our financial capability and hospitality experience.”

Work is in full swing on the tower and the contractor, Al Rashad Contracting Company, is confident of completing the construction before 2015 ends.

Preatoni has built high-class tourism and residential complexes, hotels and leisure centers worth 2.5 billion Euros in the MENA region, including the Domina Coral Bay Resort in Sharm El Sheikh Egypt.

Preatoni concluded: “We have started expanding our portfolio of residential and commercial complexes in Dubai. This is just the beginning of our investments in the UAE market as we are scouting other projects for long-term investment and ownership.”

Preatoni has regional headquarters in Milano, Italy; Tallinn, Estonia; Villnius, Lithuania; Riga, Latvia; Moscow, Russia; Sharm El Sheikh, Egypt and Dubai, UAE.

Once completed, Dubai Star will rise to 48 floors with 600 units, divided between commercial storefronts, offices and apartments.

Completion rate hits 75% in Parallel Roads Project at JLT: Al Tayer

Completion rate hits 75% in Parallel Roads Project at JLT: Al Tayer

The project costing Dh450m is slated for opening by the end of 2013

The Project comprises construction of 7 bridges, a tunnel linking Sh Zayed Rd & Mohammed bin Zayed Rd

The Roads & Transport Authority – Mohammed Al Munji:
H.E. Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), announced the completion of 75 per cent of construction works in Phase III of the Parallel Roads Project at Jumeirah Lakes Towers (JLT), and expected all construction works in the project, which bears a cost tag of 450 million dirham, to be completed by the end of this year.

Al Tayer made this statement during a site tour of the project, accompanied by Engineer Nabeel Mohammed Salih, Acting CEO of Traffic & Roads Agency, and a host of directors and engineers of the Agency as well as the Contractor of the Project.
Al Tayer was briefed by the concerned officials about the work progress in Phase III of the Parallel Roads Project, which is considered one of the key construction phases of the Parallel Roads project, which forms an extension of the Western Parallel Road stretching within JLT district linking the sprawling property developments of Emaar and Nakheel with Sheikh Zayed Road and Mohammed bin Zayed Road.

Al Tayer inspected the components of the project which is constructed by the Italian Todini company and comprises the construction of seven main bridges providing a free traffic movement from and to JLT, and the improvement of key roads network in the neighbourhood to accommodate the traffic movement in the area and link it with the main roads in the neighbourhood. The project also encompasses the construction of a road linking Sheikh Zayed Road with Sheikh Mohammed bin Zayed Rd, besides undertaking construction-related activities such as utilities, pavements, signage, ground markings, lighting, traffic diversions during construction and protecting the existing utility lines.

“The Parallel Roads Project ranks amongst the biggest projects currently undertaken by the RTA and is capable of improving and streamlining the traffic flow in the eastern traffic corridor parallel to the Sheikh Zayed Road, serving the traffic inbound from Sheikh Zayed Road heading towards the Business Bay district, and linking Al Khail Road with the internal roads of the Business Bay district,” said Al Tayer.

He continued: “The RTA has accomplished various phases of the Project, the last of which was the opening of vital sectors of the Improvement of the Parallel Roads Project at JAFZA South, extending from the northern part of the road leading to Al Houdh R/A up to the 10th Interchange on the Sheikh Zayed Road. The Project comprises the improvement of the Eastern & Western Parallel Roads in both directions within Jebel Ali Industrial Area, and JAFZA South, through constructing six bridges and four footbridges to ease the pressure on Sheikh Zayed Rd, and the Industrial Area. It will also establish a link between the investment and economic zones of the Dubai World’s projects, connecting them with the surrounding roads, besides linking Jebel Ali Port with Al Maktoum International Airport, and providing a road leading to the Expo Road of JAFZA. Last May, the RTA opened the service road leading to the Expo Road, and last December it opened a lane linking Al Maktoum Airport with JAFZA South. 12 light signals have been established in the Parallel Roads Project in the Business Bay area; linking Sheikh Zayed Rd, Al Khail Rd and the Business Bay district, and offering a smooth traffic flow in Emaar, Business Bay districts through the Eastern and Western Parallel Roads.

It is worth-mentioning that in September 2011 the RTA opened Phase III of the Parallel Roads Project serving mega urban developments in areas such as Jebel Ali Racecourse, Emirates Hills, Springs, Meadows, Jumeirah Islands and Jumeirah Park. The Road, which extends about 20 km, constitutes 14% of the total Parallel Roads Project, and comprises three to four lanes in each direction as well as 6 bridges and 3 underpasses crossing the eastern and western roads. The RTA had earlier opened Phase I of the Parallel Roads Project including the construction of roads at Al Barsha, and Al Qouz Industrial & Residential Areas extending from Hessa Road to the south up to Meydan Road to the north in a sector extending 15 km in the Eastern Parallel Road and 18 km in the Western Parallel Road, comprising three lanes in each direction. The roads intersect several arterial & express roads such as Umm Suqeim Road, Latifa bint Hamdan Road in addition to arterial & local roads, including 25 signalized junctions.

Captions:
- Al Tayer inspecting JLT Bridges

Corporate Tower photo, Jumeirah Lakes Towers,JLT,Dubai

Platinum Tower photo, Jumeirah Lakes Towers,JLT,Dubai

Mazaya Business Avenue photo, Jumeirah Lakes Towers, JLT, Dubai

Jumeirah Lakes Towers road and lake works , JLT, Dubai , April 2013

Wind Towers photos, Jumeirah Lakes Towers,JLT, Dubai, April 2013

Laguna Tower, Lakeside Residence and New Dubai Gate 2 photos, Jumeirah Lakes Towers,JLT,Dubai , 20/April/2013

Al Saqran Tower construction photos,Jumeirah Lakes Towers,JLT, Dubai, 20/April/2013

Amesco Tower construction photos, Jumeirah Lakes Towers,JLT,Dubai , 20/April/2013