Emaar's 29 Boulevard towers delayed by two years

Dubai-based developer, Emaar Properties has said the two Dubai apartment towers of its 29 Boulevard project are expected to be completed at least two years late, Bloomberg has reported. The developer sent a letter to buyers saying the 45-storey buildings, designed by New York-based Frank Williams and Partners Architects, are now set to be finished in February 2012. The completion was originally scheduled for this month. "These projects are in varying stages of development, from initial start-up phase to handover," Emaar said in a statement.