ETA Star launches mixed-use real estate development at Business Bay, Dubai

ETA Star launches mixed-use real estate development at Business Bay, Dubai
16-Apr-2007

First truly twin tower in Business Bay
Starhill Gallery of YTL Corporation Malaysia to be part of the project
Up to 80% finance without the loan-processing fee from the First Gulf Bank
ETA Star Property Developers LLC, the real estate development arm of the ETA-Ascon Group, has unveiled Dh1.5 billion Starhill Towers & Gallery located at Business Bay, Dubai comprising state-of-the-art freehold offices, a 5-star hotel and a luxury shopping mall. The famed Starhill Gallery, owned by the multi-billion dollar conglomerate YTL Corporation Malaysia and a world-class shopping destination that has redefined the experience of luxury shopping, is also the part of the realty project.

Abid A. Junaid, Executive Director, ETA Star, said, “As a true twin tower integrated development in Business Bay offering world-class facilities and attractions, the Starhill Towers & Gallery is certain to create a mark in Dubai’s property development setting. The significance of the project is amplified by its enviable location at the heart of Business Bay with waterfront views on one side and the prestigious Burj Dubai on the other”.

Eric Eoon Whai San, Executive Director,
Business Development, YTL Corporation; Arif B Rahman, Group Director,
Finance, ETA ASCON & Star Group; Abid A Junaid, Executive Director, ETA
Star & Toh Sze Chong, Director, DP Architects, Singapore

The 28-storeyed office tower in Business Bay, Dubai will offers freehold office spaces ranging from 924 sq ft to 1,645 sq ft and boasts of waterfront views for every office. Starhill Towers & Gallery is equipped with all the modern amenities including high-speed elevators, swimming pool and gym, excellent communication facilities, round the clock security and ample parking facilities. The construction of this real estate development is set to commence in the third quarter of 2007 and will be completed by the second quarter of 2010. ETA Star has also announced a special limited offer finance scheme of up to 80% finance without the loan-processing fee from the First Gulf Bank.