DUBAI Multi Commodities Centre (DMCC), the operator of the Jumeirah Lakes Towers (JLT), announced the completion of its 50th tower.

The completion of the commercial tower, Armada Tower P2 (Armada Tower), part of the Armada Group portfolio, completes the three-tower mixed-use development, offering residential, commercial and retail facilities. Towers P1 and P3 were completed earlier in the year. Residents have already started moving in and a large number of retail shops have opened their doors to customers and businesses.

 “Over 60 per cent of the community has been completed. DMCC member companies with licences to operate their businesses in the JLT Free Zone total more than 2,300, while the residential towers have upward of 90 per cent occupancies,” said Ahmed Bin Sulayem, executive chairman of DMCC.

JLT is a mixed-use free zone in Dubai with freehold property options, and will have a total of 87 towers when fully operational.