Makaseb unveils Quattro West in Jumeirah Village
Second US $272 million Quattro project is built on success of previous venture, says developer
Regional developer, Makaseb Holding, and Tamerat Almousa Group subsidiary, Ta’sees, have announced the launch of Quattro West, a US $272 million (AED1 billion) joint venture project in Jumeirah Village, Dubai. Construction is expected to start in July 2007 with a completion date set for July 2009.
Hesham Abd Al Ghani, founder, Makaseb Holding, said: “Quattro West follows the hugely successful launch of our first Quattro project five months ago, which sold out quickly, reflecting the high level of investor confidence in our projects and in the rapidly growing regional real estate market.”
The project comprises four 30-storey towers on a common five-floor podium. The podium will contain shopping malls, a banquet hall, convention centre, business centre and a parking facility. Two of the four towers will offer commercial office space, while the other two will consist of 260 hotel apartments and suites. Quattro West will have a footprint of 9,570m2 and a built-up area of 90,000m2.
Saad Ibrahim Moosa, president, Ta’sees, said: “We are delighted to be working with Makaseb on Quattro West. The UAE’s economic development has generated much demand for corporate and hospitality projects and Ta’sees is proud of its ability to contribute to the growth of the country’s real estate industry.”
The announcement of Quattro West also follows the $818 million Plaza Mayor project, a mixed-use business and hospitality destination in Jumeirah Village, which also includes four towers.