Ibn Battuta Gate ready for handover

UAE-based real estate services firm Asteco has announced the completion of the mixed-use Ibn Battuta Gate project. The project comprises an office complex, basement parking for over 350 cars as well as a multi-storey, robotic car park capable of handling 765 vehicles, 166 luxury residential apartments and a 396-room hotel that will be handed over to owner Seven Tides at the end of January with an anticipated opening by the Swiss hotel group Moevenpick Hotels & Resorts in May 2010.