Dubai’s Deyaar Development says The Atria project, a 1.25 million sqf mixed-use twin tower complex launched in April last year, is 25% complete.
A RERA report has been compiled following an on-site inspection of the project and construction progress, the developer said in a statement.
Enabling works and substructure have been completed on the project, located in Dubai’s Business Bay district. The superstructure is now in progress at the mezzanine level.
“We reiterate our commitment to the investors and owners of The Atria to ensure that we remain on the right schedule for completion and delivery as per the timeline disclosed at the time of the launch,” said Saeed Al Qatami, Deyaar CEO.
Scheduled for completion and handover by mid-2017, The Atria marks Deyaar’s foray into the hospitality sector. It follows the developer’s allocation of one million square feet of land for the development of hotel properties in the coming years.
One of the twin towers will be a 30-storey residential complex featuring a total of 219 units. The units will include one-, two- and three-bedroom apartments, as well as three-bedroom duplex options and two four-bedroom penthouses.
The second building will serve as a 31-floor hotel apartment tower featuring 347 apartments, including studios, one -, two- and three-bedroom apartments and three-bedroom duplex units. It will also include a five-star spa, gym, infinity pool and fine dining restaurants.
