Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Leading property developer confident to deliver projects on time

December 8, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Memon Group of Companies, has reported that construction on its ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already completed 6 out of 14 floors and 5 out of 16 floors for CT II and CT III respectively. The timely pace of the project’s construction and development complements Memon Investment’s assurance of delivering the projects on time.

Memon has also detailed the awarding of various important contracts to some of the UAE’s top contractors and MEP companies. Anwar Al Aqsa, a leading MEP contractor, will manage the electrical, fire alarm, plumbing and fire fighting installments for the two towers. The installation of elevators for CT II and III has been awarded to ETA MELCO, who will be installing six high-speed, state-of-the-art Mitsubishi units, whilst shoring, initial excavation and foundation work has been undertaken by Stromek Emirates Foundation. Further, Al Sarh Contracting has been placed in charge of construction for both CT II and CT III. In addition, HI TECH Electro Mechanical Contracting Est. has also been awarded the contract to install YORK air conditioning units for the CT II project.

Rizwan Shaikhani, Joint Managing Director, Memon Investments, said, “Various construction projects in the UAE have reported delays and difficulties as a result of being affected by the current economic downturn. However, Memon Investments remains committed to its promise of on-time project delivery. Our efforts to partner with some of the country’s leading contractors, suppliers and MEP companies have allowed us to keep our projects running at an impressive pace, giving us the confidence to assure our clients that both CT II and CT III will be delivered on time.”

Champions Tower II is a 14-storey tower with a total built-up area of 231,454 square feet, which will include 172 apartments comprising 72 studios, 72 one-bedroom and 28 two-bedroom apartments, each with its own magnificent view of the lush greenery exuding a relaxing ambience. The tower provides easy access to an 18-hole golf course, a cricket stadium and various sport-oriented academies, rugby and football pitches and a track and field stadium. As the culmination of the sophisticated combination of luxury and high technology living set amidst a sports-oriented environment, the tower also offers a handful of modern facilities including a communal swimming pool, spa and sauna, Jacuzzi, a fully equipped gymnasium and an indoor games room.

Champions Tower III is a B+G+15+HC tower with a total built-up area of 283,672 square feet, and offers a total of 254 elegant units comprising of studios, one-bedroom and two-bedroom apartments. CT III features include a spacious fine marble lobby, three high-speed elevators, basement parking, ground floor covered parking, concierge and valet parking services, 24-hour manned security and an in-house maintenance team. World-class stadiums and academies, educational, religious and healthcare facilities, as well as posh restaurants and cafés and a sports-themed shopping mall in the gated community are all at walking distance from the luxurious residential property.

“CT II and CT III reflect Memon Investment’s vision to provide property development projects that suit the lifestyle of our target market while consequently allowing us to deliver investment opportunities that yield in high significant returns. Moreover, Memon Investments continues to remain steadfast in its role as prime developer of iconic development projects, clearly redefining the UAE’s real estate sector and helping in its drive for economic progress,” concluded Shaikhani.