Local/Russian JV launches 101 Marina

02 May 2006
Local property developer Sheffield Real Estate, in joint venture with Russia's Rustar Real Estate, launched on 25 April a new residential tower in Dubai Marina known as 101 Marina.
The 101-storey structure will have a height of 412 metres and a total built-up area of 144,000 square metres. The building's external facade will be predominately glass and will rise up to a crown-like crystal structure on the upper floors. The project will offer 402 one-bedroom units, 308 with two bedrooms, 40 with three bedrooms and eight duplex penthouses.

Negotiations with contractors are in the final stages and construction is scheduled to start during the third quarter of this year. Completion is expected by the first quarter of 2010.

The local National Engineering Bureau (NEB) is the consultant.

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