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Al Reem Island A natural island off the coast of Abu Dhabi island being developed by Sorouh (Shams Abu Dhabi), Reem Investments, and Tamouh



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Old June 8th, 2008, 12:05 AM   #1
bizzybonita
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#ON HOLD: TIME TOWERS , 25F Com + 26F Res ( Najmat Abu Dhabi )

Shanghai giant snares US $149mn Time Towers deal



Abu Dhabi-based real estate developer, 5 Pioneers Property Development, has awarded a US $149 million (AED547 million) contract to China's Shanghai Lonjian Industry Corporation for the construction of Time Towers in the Najmat Abu Dhabi project on Al-Reem Island.

Construction of the towers will begin this month and has a completion time of 28 months.


Khalid Al-Shamsi, chairman, 5 Pioneers Property Development said that the project consisted of two towers, one residential and the other commercial, both joined by four floors containing a parking lot and shops.

The total parking space accommodates 1112 cars, with 25 floors of offices and 26 floors containing 318 residential units.

The commercial manager of Shanghai Lonjian Industry Ramzi Malouf, said the corporation was the largest private company in the field.

According to Malouf, the corporation was also granted an international award for quality over a period of ten years, during which it has achieved a series of huge construction projects.

Malouf also said that construction industry in the UAE was one of the largest in the region, and that it contributed largely to domestic production.

"This in turn has made it a magnet for foreign investment and construction projects for conglomorate construction companies," he said. Shanghai aims to complete the towers in record time.

Location: http://wikimapia.org/#lang=en&lat=24...99447&z=17&m=b
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Old June 8th, 2008, 08:09 AM   #2
Investoman_uae
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Yeahhh!! This is the big daddy of Najmat Abu Dhabi.... I bought an apartment there. I love this tower, its located close to the Island's only Marina, it has Abu Dhabi's biggest mall just to the rear and 2 five star hotels on the marina close by.

And you just have to cross the bridge connecting Abu Dhabi with Al Reem Island and its there on the right hand side.

Cant wait to see this big boy completed.

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Old June 8th, 2008, 04:43 PM   #3
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Wow. These look really nice! Whats ths going rate for apartments here Investoman?
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Old June 9th, 2008, 01:18 PM   #4
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I have some images of this tower but this forum doesnt have the upload image facility.

Bizzybonita, can you help?

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Old July 9th, 2008, 12:48 AM   #5
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Old January 15th, 2009, 04:47 PM   #6
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I was just informed that the foundation works have started on this tower. They have finished the piling and shoring.... now its the foundations.

The developer informs me that they are in full swing and dont have financial difficulties as other developers do.

Keep it up!!

Anyone else have an apartment here??

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Old January 16th, 2009, 03:02 PM   #7
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Any website for this project, is finance available?
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Old January 17th, 2009, 02:27 PM   #8
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Yeah finance is available through ADCB.

Contact me for other info... I have to go!! Sorry!

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Old February 17th, 2009, 09:49 AM   #9
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Any Time Towers apartment owners out there?

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Old February 18th, 2009, 12:01 PM   #10
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yes I am... what do you need?
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Old July 8th, 2009, 01:13 PM   #11
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Hi,

Does anyone have any photos of this? I hear that the foundations are now completed.... layin the ground floor.... can anyone confirm this? I have photos of the piling works bein done a while back.

This is gona be amongst the first towers to complete in Najmat I suspect.

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Old August 2nd, 2009, 04:45 AM   #12
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Quote:
Originally Posted by Investoman_uae View Post
Hi,

Does anyone have any photos of this? I hear that the foundations are now completed.... layin the ground floor.... can anyone confirm this? I have photos of the piling works bein done a while back.

This is gona be amongst the first towers to complete in Najmat I suspect.

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Sorry to dissapoint you but Time Tower progress is very slow. The foundation piling is not completed,or if now just completed and the underground car park (first construction) is not started from what we have seen from site site visit 1 month ago.
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Old December 15th, 2009, 02:58 PM   #13
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14/12/2009

To UNDER C dear mods , please :)

[IMG]http://i49.************/1qhlxk.jpg[/IMG]

[IMG]http://i46.************/11tvsyf.jpg[/IMG]
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Old March 10th, 2010, 09:46 PM   #14
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10/03/2010

[IMG]http://i39.************/taosaq.jpg[/IMG]

[IMG]http://i40.************/2ahduyq.jpg[/IMG]

[IMG]http://i44.************/25i6xhv.jpg[/IMG]

[IMG]http://i41.************/ekqhu.jpg[/IMG]

[IMG]http://i40.************/ncli60.jpg[/IMG]

[IMG]http://i44.************/10ppo9y.jpg[/IMG]
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Old June 10th, 2010, 01:41 PM   #15
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For more information, latest update and status about Time Towers Project , please visit this website:
www.5pioneers.ae

and for any query or clarification send an email to:
[email protected]
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P.O. Box: 127707 Abu Dhabi
Phone: 00971 2 4433322
Fax: 00971 2 4433358
Website: www.5pioneers.ae

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Old June 10th, 2010, 01:42 PM   #16
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For more information, latest update and status about Time Towers , please visit this website:
www.5pioneers.ae

and for any query or clarification send an email to:
[email protected]
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5 Pioneers Property Development L.L.C
P.O. Box: 127707 Abu Dhabi
Phone: 00971 2 4433322
Fax: 00971 2 4433358
Website: www.5pioneers.ae
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Old June 11th, 2010, 01:04 PM   #17
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Thanks alot for info !
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Old July 11th, 2010, 12:54 AM   #18
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15/Jun/2010











http://www.5pioneers.ae/project.html
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Old October 1st, 2010, 02:09 PM   #19
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Aug/2010









http://www.5pioneers.ae/project.html
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Old November 23rd, 2010, 08:30 AM   #20
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ON HOLD

5Pinooners you guys make my laughing
which progress you are talking about it, simply you are faking the progress by putting pictures with 6 labours doing the show for you.
The project being on Hold since last JUNE due to funding issues.
With such contarctor Palm Arabian and managment like you, I doubt you are going to finish this project.
Tell me what is your acheivments?
Tell me what is Palm Arbaian Aceivments?
Think again about this
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