Abyaar Signs a Contracting agreement for Olgana Tower
- 20 January, 2015
Abyaar Real Estate Development Company has finalized the main contracting agreement for the continuation of construction and development of Olgana Tower. Olgana is a 42-storey residential tower comprising sky villas and apartments, with an estimated total cost of 171 million Dirhams. Olgana Tower is considered to be one of the significant parts of Acacia Avenues project located at the heart of Al Sufouh area in Jumeirah, Dubai.
Abyaar Real Estate officials stated that the tower consists of 213 residential units of sky villas. And the residential apartments of Olgana Tower are being sold to customers under construction basis. In accordance with the applicable laws of Dubai, in the United Arab Emirates. The project is expected to be delivered in its final form during the second quarter of 2017.
It is noteworthy that Acacia Avenues is the first project in Jumeirah that facilitate a freehold investment. The project was launched by Abyaar in 2007, throughout an approximately 1.35 million square feet in Al Sufouh area in the heart of Jumeirah. Acacia Avenues is a prestigious project that provides towers and villas in a convenient and vital residential community. The project is characterized by its various architectural styles and abundant of greeneries. And at the center of this prosperous project, Olgana Tower rises; providing a new exquisite standard of lifestyle.