Niki Lauda Twin Towers

UAE > Dubai > Business Bay > Zone A > A03 > Niki Lauda Twin Towers

Details

Commercial Title :

Niki Lauda Twin Towers

Official Title :

Za'abeel

Type :

Free Hold

Development Number :

N/A

Registration Date :

N/A

Construction Started Date :

N/A

Completion Status :

Under Construction

Life Cycle :

Developing

Master Developer(s) :

Define Properties.

Launch Date :

N/A

Anticipated Completion Date :

N/A

Handover Date :

N/A


Special Classifications



Description

Niki Lauda Twin Towers:

  • Several buildings are being constructed as part of the Niki Lauda Twin Towers project in Dubai's Business Bay.
  • Define Properties is the project's developer.
  • The project started in 2008.
  • Al Hazmi & Associates Consultant is the architectural consultant.
  • International Foundation Group is doing the foundation work, and Saqer Engineering & Contracting Enterprises is handling the main building work.
  • German developer ACI planned a twin skyscraper construction in Business Bay with 29 and 26 stories in 2007, however, it was never built.
  • Office and retail space were intended to be included in the project.
  • In Dubai, ACI unveiled many structures bearing the names of famous people in 2007.
  • These towers included Michael Schumacher Business Avenue, Boris Becker Business Tower, and Niki Lauda Twin Towers.
  • Following the collapse of Dubai's real estate market in 2009, all three of the branded projects' construction was put on hold.
  • In September of that same year, ACI Real Estate also filed for bankruptcy on behalf of four of its seven property funds.

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