Al Madar Investments, a leading property developer in the GCC and part of the Al Madar Group, is to build a Dh1.4 billion ($381 million) residential tower in the Madinat Al Arab area of the Dubai Waterfront.

The 47-storey Suhail Tower will encompass studio, one-, two- and three-bedroom apartments with penthouses occupying the top three floors; and boast a top-end home automation system, as well as several swimming pools, a gymnasium, a badminton court, and concierge services alongside a coffee shop and retail units on the ground floor. The project is to be completed in late 2011.
“The location of the Suhail Tower is a key selling point,” explained Keith Pepperdine, director of sales and marketing, Al Madar Investments.  “With priceless views over the Gulf from all levels and with the open parkland and canal running along the back of the project, it has a very tranquil ambience.”
“Of course, the huge value of the tower – at Dh1.4 billion – also gives some indication of the quality of the design, interiors, finishing and facilities that residents can expect,”  he added.
Madinat Al Arab is one of the 10 areas of the Dubai Waterfront. The area, expected to become Dubai’s new downtown and central business district, will feature resorts, as well as residential, retail and commercial spaces linked by an integrated transport system.
Suhail Tower is the latest addition to Al Madar’s Dubai portfolio, which also includes Coopet, a mixed-use building located in Arjan, Dubailand; Siraj Tower, also in Arjan; Bellagio Tower, an office building in Liwan, Dubailand; and Scala Tower, a residential tower in Business Bay which is already well advanced with construction.
Al Madar Investments is a division of Al Madar Group, a Qatari company founded in 1992 and specialised in the design and construction of civil and industrial projects as well as infrastructure and marine development works.