Construction work is underway to build the Salam Tower, which will become Sharjah's tallest standing structure. At 56 stories or 210 meters high, with a span of 800,000 square feet, by its sheer size Salam Towers is likely to dwarf any of its nearest rivals. Totaling at more than Dhs 170 million, investment in the project is nearly as massive as the Tower itself.
The project includes also 254 lavish flats, as well as 12 penthouses, overlooking the Al Khan lakes area.
Once completed, the Salam Tower will be offered for sale on a freehold basis and only to UAE and GCC nationals. Dr. Mohammed Raheef Hakmi, Chairman of Al Omran Global, the project's developer provides future owners with a taste of what to expect once building is completed. "The Salam Tower," he said, "will have the best in international standards. This will ensure that any future tenants are to enjoy the very highest levels of both comfort and luxury."
Included in the construction, the Tower will have a four-storey covered parking. The ground floor will have a cafeteria and a meeting room, equipped with the most modern audio-visual facilities. The mezzanine is expected to hold numerous and varied office spaces. There will also be a state of the art health club, nursery and dedicated male and female swimming pools.
Asked why he thought the construction of the Salam Tower to be important and significant, Dr. Hakmi replied that the Emirate of Sharjah had succeeded in providing a communally safe and stable environment, in an effort to attract greater investment in the area. "These factors, together combined," he added, "are what brought about the company's decision to come up with the plan to build the Salam Tower."
"We expect to enjoy attractive investments in the long run," he explained, "in line with the expected unit-value growth, in addition to revenue received through property rentals."
Although construction has only just started, the Tower will be ready as soon as 2006. (menareport.com)
© 2004 Mena Report (www.menareport.com)
