Construction work on the $410 million skyscraper Dubawi on Sheikh Zayed Road will start soon, SHUAA Capital has announced.
The concept was developed by N Studio, the architectural and interior design practice of Northacre, London, a residential developer that has delivered more than 1,000 homes and apartments in prime districts of Central London over the past 25 years.
Designed as a mixed-use hotel and residential tower, Dubawi will feature 500 hotel rooms and serviced apartments sharing amenities with the hotel, as well as more than 500 apartment units and penthouses.
Fawad Tariq-Khan, general manager of SHUAA Capital, said, “We are excited to move forward with this project, which will build on SHUAA’s experience in real estate while opening up new frontiers in a key sector of the UAE economy.”
The company in the process of completing construction on a third project in Saudi Arabia, in the city of Dammam, while construction works on a new mixed-use residential compound in Riyadh known as Wadi Al Hada has also started.
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