02, July 2009

Financial Markets Disclosure : Tamweel Starts "Tamweel Tower" Handover in Jumeirah Lakes Towers

Tamweel PJSC, the largest real estate finance provider in the UAE, announced today that its building project at Jumeirah Lakes Towers “Tamweel Tower” has been completed. Tamweel has received the building completion certificate from the Port Customs & Free Zone Corporation and it has started handing over the units to their respective owners.

Tamweel Tower enjoys a prime location in Jumeirah Lakes Towers – it is situated on the NE corner of this dynamic waterfront community. The tower is a 34-floor, eclectic mix of residential, office and retail space, with 160 luxurious apartments, five retail shops on the ground floor and 16 office spaces at the floors from 1st to 4th with dedicated entrance and elevators. Residents have separate entrances and elevators for access to the apartments. The residential complex consists of 2 and 3 bedroom apartments from the 5th to the 33rd Floors. The Tower offers a host of amenities including an ultra modern gymnasium, swimming pool, Jacuzzi, steam, sauna, and a multipurpose closed area on the top floor.

Varun Sood, CEO - Tamweel Home Finance Division, said: “Tamweel Tower offers a great living environment to its occupants. We are pleased to deliver the units to the owners and provide them with the opportunity to live in their dream home in Jumeirah Lakes Towers.”

Jumeirah Lakes Towers is a distinguished community located in the heart of New Dubai. It is adjacent to Sheikh Zayed Road between interchanges 5 and 6 and is facing Dubai Marina. This dynamic waterfront community encompasses attractive residential and office towers alongside hotels and retail outlets. Four winding man-made lakes create stunning views from all around, making it one of the most sought after communities in Dubai. The Jumeirah Lakes Towers community will have two metro stations providing convenient access to commuting for residents.