Preatoni completed Dubai Star Tower
Developer Preatoni Group has completed the project formerly known as Dubai Star. Preatoni Group invested more than $13.6m into the development. The tower will be ready for occupancy in Q1 2019.
The tower’s initial developer abandoned the planned 45 storey skyscraper due to the 2009-2010 economic crisis. Preatoni took over the project with the support and cooperation of the local authorities Dubai Land Department and the project’s original investors.
The project consist of 554 units covering a total area of 5.57ha of residential and commercial space. The mixed project is now called Preatoni Tower.
Preatoni said: “We have not only completed the project as initially intended, but we have also added our signature Italian touch to the tower. Our years of experience and expertise in property development has been the driving force towards the completion of this momentous project.”
Source: Construction Week Online
Fulya Altunyay/ [email protected]