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Dubai: Dubai-based Makaseb Holding and Ta'sees yesterday launched Quattro West, a Dh1 billion joint venture project to be built at Jumeirah Village.
The project comprises of four 30-storey towers erected above a common five-floor high base structure. These five floors will feature shopping malls, a banquet hall, a convention centre, a 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. Altogether, Quattro West will occupy a built up area of one million square feet.
Hesham Abd Al Ghani, founder of Makaseb Holding, said: "Quattro West follows the hugely successful launch of our first Quattro project five months back which sold out quickly, reflecting the high level of investor confidence in our projects and in the rapidly growing regional real estate market. Makaseb looks forward to furthering its participation and cooperation with Ta'sees through the joint Quattro West project.
"This follows our rewarding collaboration on the Dh3 billion Plaza Mayor project, a mix-use business and hospitality destination in Jumeirah Village, and we are confident of achieving similar results on this latest venture as well," Al Ghani added.
Makaseb Holding is a joint venture between the Rufi Group of companies, Sharm Land Limited, A&A Investment and Quattro, and has embarked on a rapid expansion and diversification strategy.
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