Aspire Real Estate and High Rise Real Estate both have launched Jumeirah Wave Business Towers a new landmark commercial development in Jumeirah Village. Valued at One billion Dirhams the Jumeirah Wave Business Towers comprises 40 floors of commercial real estate. The Tower I of the development was fully booked by international investors in a single day prior to the launch.
Jumeirah Wave Business Towers, is a triad of three 45 floored glass fronted landmark business and commercial towers, whose aesthetic and functional design incorporates a insignia wave concept sculpted out of steel and glass with a judicious mix of commercial office space and high profile retail space.
The JWBT development has a total of 1.2 million sq ft and 40 floors of commercial office space. There are over 960 office spaces in the three towers. Most offices overlook the lake or the park and some have a fantastic view of the Sports City.
The project has been conceptualized and designed by Dimentions, a prestigious architect and design firm based in Dubai, who have designed several prestigious commercial and residential projects in Dubai.
“We are recreating an international concept of the “Intelligent office” in Dubai.” Says Harshit Kantaria, Managing Director of Aspire Real Estate. When completed, each office will be equipped with high speed wireless broadband, and fully automated building systems like fire and crisis management systems, air-conditioning and high speed elevators all backed up by a central IP enabled backbone for each tower.
“The towers have about 2600 basement and podium parking places spread over 640,000 sq ft. JWBT has the highest ratio of parking spaces per each office!! Parking will never be a problem with JWBT.” He adds.
The Jumeirah Wave Business Towers boasts of an aesthetically designed shopping mall with 130,000 sq feet of high profile retail space, complete with theme restaurants, and a variety of entertainment zones. There are a total number of 48 shops, positioned on the ground and mezzanine floors of the JWT Business Towers; the shopping mall complex connects all the three towers. Harshit explains, “Facilities like a fully equipped health club in each tower along with endless shopping and entertainment options at the shopping mall, will provide a complete business and lifestyle experience to visitors and employees of the JWT offices as well as the residents of all the surrounding residential areas.”
Strategically positioned at the junction of the three arterial routes of Al Barsha Road, Emirates Road and Al Khail road in Jumeirah Village South with close proximity to the Sheikh Zayed Road. JWBT is surrounded by a high density residential community of Jumeirah Village and is very close to the affluent community of the Emirates Hills, The Springs, Meadows, and The Greens. JWBT is also well connected to the Jumeirah Village internal tram network which links into the underground metro system providing seamless connectivity to the rest of Dubai.
“We wanted to provide our investors, the flexibility of having their employees living and working in close proximity of the office. This increases productivity while reducing commute time and stress!” said Mr. Faisal Ali Moosa, managing partner of High Rise Real Estate
Construction on the project is going to begin in end of 2006 "This will be the star project in the area," said Ali Moosa. “Jumeriah Wave Towers is going to be “The” address for high profile businesses in Jumeirah Village”.
The JWT project will be marketed at a very attractive price point which will attract a large number of international institutional investment players. “The locational advantage of the development combined with a large number of projected foot fall at the shopping mall ensures that the Jumeirah Wave Tower will be a popular destinations for commercial activities as well as shopping and entertainment in the Jumeirah Village area. “We are confident of a high value appreciation for the property as well as a high rental yields to our investors.” He added.
