Dubai Creek Tower to Undergo Redesign

Photo courtesy of Nick Fewings

31 August 2023 | Dubai, United Arab Emirates

Emirates News Agency (WAM) reported that the Dubai Creek Tower is currently undergoing a redesign after a competition which saw several renowned international companies participate. Emaar Properties, in collaboration with a selected international firm, will develop a fresh concept for the tower in the next 7 to 8 months. Mohamed Alabbar, Emaar Properties' founder and also the founder of Noon, expressed his appreciation for the UAE's developed competitive economy and stable investment environment, which he attributed to the country's forward-thinking leadership.

In 2023, Emaar Properties plans to deliver 45 towers, including 15,000 apartments. Alabbar expressed optimism about the company's future growth, citing its strong financial performance in the first half of the year, with revenues reaching AED12.3 billion and net profits growing by 15 percent to AED4.9 billion. He also revealed the Board of Directors of Emaar Properties is setting long-term expansion plans that extend between 15 to 20 years, including new projects scheduled to be launched.

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Read more about this story at Arabian Business.