Work is set to restart on the Al Dua’a Marina tower project proposed for a site next to The Address Dubai Marina Hotel and Marina Mall.
The scheme was initially proposed as a $54.5mn (AED200mn), 24-storey tower in 2006 by a joint venture between Aspire Real Estate and Bahrain’s Al Kawather Real Estate
The tower comprising a ground floor and 42 additional floors offering 142 luxury one, two and three bedroom apartments, five town houses and penthouses on the top floor of the building each with its own swimming pool.
The facilities include a sauna, a jacuzzi, a gymnasium, a temperature controlled swimming pool, penthouses on the 25th floor, a landscaped garden, retail facilities located on the ground floor as well as restaurants.
Enabling works had started on the project and Kele Contracting had been appointed to build the tower, but work stopped before the project emerged from the ground.
However, a new Qatar-based investor has bought out the project and is developing it under a new vehicle known as Al Dua’a Holdings.
It has appointed Al Barsha-based project management firm CPMC as its representative on the project.
CPMC’s founder, Yousuf Choksy, said: “Our responsibility will be to act as a developer to deal with all the consultants, contractors, end users/buyers, legal authorities, etc, and to complete and hand over the project.
“This is what we normally do for investors and clients like this, who do not wish to be involved in the development process.”
Choksy added that it was now holding talks with Kele Contracting, and that it hoped that these would be successfully concluded soon with a view to the project recommencing on site after Ramadan.