Dubai's business property market has been given a further boost with the news that units in the U-Bora Towers will be ready to be occupied in March.
Located in Business Bay, the 60-storey tower is the work of Korea's Bando Engineering and Construction Company, which has invested some AED 0.7 billion in the project already.
Now, with the building work all but complete, the company's chairman Kwon Hong Sa has told the Khaleej Times that both office space and residential apartments will be ready for occupation by the end of next month.
Speaking to the newspaper, the company chief explained that, despite the recent turbulence in the global economy, the situation is improving in the region, with many more projects likely to be completed over the coming months.
"We are seeing that the economy is getting better and so is Dubai's property market," he said.
"Some major developers have restarted work. People are coming to Dubai as it is a convenient place to live."
At the same time, the Road Transport Authority in Dubai has launched a new inspection and maintenance service for cranes used in the emirate's construction sector.
Posted by Bob Brunskill