Abyaar receives an offer worth 170 Million Dirhams to fund Olgana Tower and other projects
- 08 May, 2016
Olgana Tower Under Construction
Abyaar Real Estate Development Company announced that the construction work in Olgana Tower took a progressive leap. Where the concrete work has reached the 26th floor with a completion rate of 30%.
In this context, Deputy C.E.O. of Abyaar, Mohammed Jassim Al-Holi stated: "We have taken the necessary measures to ensure the completion of the project according to the schedule timetable. Where the company got a real estate funding offer from one of UAE banks, in which the offer is worth 170 million dirhams, 110 million of the total amount is dedicated to finance the construction work of Olgana Tower. This in return, confirms the strong financial position of the company and the importance of its projects.”
With regards to the timetable of the project, Al-Houli stated: The Company seeks to complete all the concrete work of the project at the end of the third quarter for the current year. With an intent to have the construction of the building completed within the deadline, in the second quarter of 2017.
Al-Houli also pointed out that Olgana comprising of 43 storey- building, sky villas, and residential units that comes in multiple models. Where all the projects at Olgana share the same specifications, benefits, and enjoy a distinctive range of modern facilities.
Al-Houli then added, Abyaar is accustomed to providing the finest real estate opportunities for their clients, and the decision of possessing an asset in Olgana project is considered as a promising and fruitful investment. As the city of Dubai remains a very promising land. "
It is noteworthy that Olgana Tower is located within Acacia Avenues project, which is the first project developed by Abyaar Company in area of Al Sufouh in in the heart of Jumeirah, in Dubai. Where it is a prime location near public beaches, a range of the most luxurious five-star hotels, and within reach of an infinite number of leisure facilities. Which marks the project as the perfect destination to enjoy an upscale lifestyle. The project is minutes’ drive away from Dubai Media City and Dubai Internet City, which confirms the significance site of the project that lies in the heart of the new Dubai. Olgana combines between the comfort of urban facilities and the ultimate
luxury that everyone desires. Moreover, the residents will surely enjoy the comfort provided by great transportation network and service Dubai Metro Service.