Dubai-based Sobha Group is planning to build a 60-storey tower on Sheikh Zayed Road. The newly built tower will be the new center of the group.

The tower is expected to be completed in four years. Construction Sobha will be executed by the in-house contracting arm. Project worth $190 million, 140 luxury housing unit, 1.850 square meters of retail space and 6.500 square meters of office space.

Sobha Group’s founder and chairman, PNC Menon, said, “I want this building to be extraordinary and iconic in terms of its architecture. I will only do a signature project once in my lifetime and this is going to be my flagship project.”

Menon added, “I am already 70 years old and for a man at his last part of his life, it is very emotional. Everything has to be super perfect.”

Sobha’s portfolio includes the $2.5 billion Sobha Hartland mega project. In October, it unveiled a new corporate identity in an effort to increase its share of the UAE property market by up to 5 percent.

Source: Arabian Business

Fulya Altunyay/ [email protected]