Real Heights Real Estate Broker

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has announced the launch of the AED 338 million 'Frankfurt Sports Tower I' (FST I) in Dubai Sports City (DSC). The announcement is in line with the leading developer's plans to launch over ten projects collectively valued at over AED 3 billion in various property projects in the UAE in the second half of 2008. The unveiling of the first project in the developer's latest residential tower series follows the success of its developments under the Champions Tower banner. Further, the developer has also registered an Escrow account for the freehold residential tower with the Commercial Bank of Dubai in accordance with the requirements of the Dubai Land Department, to boost investor confidence in its developments.

Emanating a German-inspired ambience, FST I is designed by Al Hatmy Consultants and is slated for completion by the first quarter of 2011. The tower will comprise 224 units, including 140 studios, 56 one-bedrooms and 28 two-bedroom apartments within a total built-up area of 177,378 sq. ft.