Dubai: Mada'in Properties yesterday launched their Dh1.25 billion flagship project Marina Arcade in Dubai Marina as the first step in building a Dh3 billion portfolio in 2008.
"The Marina Arcade is a fitting tribute to the vision of the marina development, as well as Dubai's meteoric ambitions," said Abdul Aziz Al Awar, chief executive officer of Mada'in Properties.
The tower
Marina Arcade will comprise one 60-storey tower connected to a glass-roofed shopping arcade.
The project will cover a total of 950,125.68 square feet, including seven townhouses with gardens and Jacuzzis on the rooftop of the Marina Arcade. There will also be a range of one-bedroom, two-bedroom and three-bedroom apartments, duplexes and penthouses.
There will also be parking space available for 850 cars.
Facilities
Recreational facilities include a gym, sprawled over three floors and each floor over 38,000 square feet.
There will also be a rooftop garden with a jogging track and a wide range of designer stores and cafes.
The project is due for completion in June 2011 and prices will start from Dh2,050 per square foot from the sixth floor upwards.
Marina Arcade is the first of four projects to be launched this year with a combined value of Dh3 billion.
Source: Suzanne Fenton / Gulf News
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