425m-high Marina 101 to be ready for handover in early 2015
Slated to be Dubai’s second tallest and Dubai Marina’s tallest-ever tower, the 425 metres-high Marina 101, its developers have announced, is 80% complete, with project handover scheduled for early 2015.
“Investment in projects near completion has proven that a fast ROI will occur by handover,” Abuali Malik Shroff, chairman of Sheffield Holdings said. “We believe that it is an opportunity for investors to seize at this stage of construction and take advantage of this market practice model.”
Following full completion, the tower will comprise of 420 hotel apartments, 60 three bedroom residential units, eight duplexes and one five-star hotel. Mock-ups of the hotel apartments and residential units have been released for viewing by investors and potential end-users.
“Visually, the tower will be a very distinctive mix-use tower in the midst of Marina,” Mohammed Jeilani, the project manager for Marina 101 said. “We have completed a large part of the construction, with merely a few elements left. Construction is well underway, with no delays to speak of.”
The tower will also include health clubs and swimming pools on different levels and other leisure facilities.