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Business bay La Maison tower is revived

Business Business Bay 19 Feb 21
Business bay La Maison tower is revived
Dubai 'La Maison' tower is revived as new funds chase opportunities. Overseas investor set to pump in Dh500m plus to mega-project on track
Fee
Event Location
Dubai , Dubai
Area
Business Bay
Start Time
19 February 2021, 12:00 AM
End Time
28 February 2021, 12:00 AM
Website

Another Dubai skyscraper project gets back into construction mode.

The ‘La Maison Tower’ in Business Bay launched construction in 2016, but got stuck after the piling and shoring works were done. Now, a new investor is joining hands with the developer – HDS - to infuse fresh funds into the prestige development and get it rolling again.

More details of who the new investor is are awaited. It is believed that the investor is based overseas and has had prior exposure in Dubai’s real estate.

It is likely to be a three-year development once construction re-starts. It’s not known whether any of the design or other facets will be revised. But informed sources say that it’s highly unlikely there will be much to change on the 105-storey structure that will rise to 365 metres.

The project revival will also happen on a clean slate – there were no offplan apartment sales done at the La Maison ever.




Dubai construction news 2021 Dubai property news 2021Dubai real estate news 2021



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