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Discussion Starter #1 (Edited by Moderator)
NAME : AU (Gold) Tower
TYPE : OFFICE TOWER
STATUS : Approved
HEIGHT:
FLOORS: 35
END: Early 2006
LOCATION : Plot within DMCC Development
PROJECT: Dubai Metals & Commodities Centre



AU Tower (AU being the chemical composition of ‘gold’) will facilitate the gold and precious metals market participants on an optional freehold or lease basis. The tower will be 35 floors high and will be completed early 2006.
 

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I love Abu Dhabi.
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i`m not too sure about this one , its look Ehhh Hmm Plain !! i dont know , i might change my mind when its complete :)
 

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, , and , Fade to Black.
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LOL it Gold tower I think its going 2 stay gold !
 

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Christian said:
:hm: the building could become really nice if they changes the color of the building, perhaps blue....:happy:
This tower will be located within the DMCC, which basically is a Free Zone for trading and processing of precious metals and stones, and we know that Gold is one of them. It was designed in gold colour for a reason. :)
 

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the color will be the same for sure but the design might change abit ... as Dubai boy said it looks plain
 

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Construction Paradise
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it's called gold tower, so it will be in golden color! and au is chemical abbreviation for gold (aurum, that's latin!!) i studied latin at school for 6 years.
here's a text from dmcc website:

AU Tower
AU Tower (AU being the chemical composition of ‘gold’) will facilitate the gold & precious metals market participants on an optional freehold or lease basis. The tower will be 35 floors high and will be completed by early 2006.
 

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Construction Paradise
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DMCC launches sale of two landmark commercial towers
Dubai Metals and Commodities Centre (DMCC) announced that it has opened its first two prestigious freehold commercial properties, the Almas Tower and the Au Tower for sale.


Businesses can now enjoy 100% business ownership as a free zone company and ownership of business premises on a freehold basis. The towers are available to market participants of the gold, diamonds and commodities trade, registered as DMCC free zone members.

Mr. Ahmed bin Sulayem, Chief Operating Officer, DMCC stated, 'The 100% business ownership and 100% property ownership serves as a huge commercial incentive for international investment which will further enhance free zone commerce in the emirate. Our stringent application processes ensure that DMCC enlists active and credible market participants and eliminates real estate speculation.

The launch of the property has complemented the DMCC's efforts to create an industry-specific business infrastructure for the commodities trade in Dubai. 'Following the successful creation and implementation of industry-specific market infrastructure including initiatives such as the Dubai Diamond Exchange, the Dubai Tea Trading Centre, the recently announced Dubai Gold and Commodities Exchange and the Dubai Commodity Receipts system, the availability of the physical infrastructure enhances DMCC's portfolio considerably.

Almas Tower, meaning 'diamond' in Arabic, and positioned as the jewel of Arabia, is a stunning 65-storey tower located at the heart of DMCC's 300-hectare development, overlooking more than 80 surrounding towers of the Jumeirah Lake Towers project. Purpose-built for regional and international diamond businesses, the Tower features vaulting facilities, advanced security and IT infrastructure, retail outlets, cafes and restaurants, business centre facilities, a health club and will be home to the Dubai Diamond Exchange. This landmark property stands tall on an island and offers a prestigious address for DMCC's members in all commodity sectors.

The Au Tower, Au being the chemical symbol for gold, is set to be the new heart of the gold industry in Dubai. The landmark 37-storey Tower has been themed for the gold, precious metals and jewellery industry. The tower is designed to meet the specific requirements of a wide range of gold-related business, including traders, distributors, designers and industry support services. Surrounded by gardens and lakes, the Au Tower offers a perfect location for creative and successful businesses. The Dubai Gold and Commodities Exchange will also be housed in this tower.

'The first three days of sale were exclusively open for DMCC's 275 registered members. From today onwards the sale of commercial space will be open to prospect clients and participants of the gold, diamond and commodities sectors,' stated Miss Gaiti Rabbani, Director of Business Development, commenting on the launch. 'The launch of property sales has prompted a substantial number of enquiries from international commodities businesses looking to establish a presence in the region. We entertained over 50 new applications within the first two days.'

DMCC will shortly launch a third tower, the Elaf Tower, themed for the general commodities trade. All three towers are due for completion by the end of 2006, until which time DMCC's companies are able to operate from alternative business premises in Dubai.

The advanced physical infrastructure offered by DMCC through the two towers boosts Dubai's potential of positioning itself as a global hub for the gold and diamond sectors. Along with the Jewellery and Gemplex designed to house jewellery manufacturing operations, the Centre's facilities integrate the refining, manufacturing and trading of precious commodities along with support services such as finance, logistics and insurance, providing a modern and advanced environment. Businesses can benefit from the concentration of industries and support services.

The Dubai Metals and Commodities Centre (DMCC) was created in 2002 as part of a strategic goal by the Dubai Government to establish a commodity market. It provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Residents are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 percent ownership, full ownership of business premises, and secure regulated environment.
 

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Construction Paradise
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DMCC's second commercial tower-Au Tower-sold out in under 48 hours

The DMCC announced today that it has completely sold commercial space in the Au Tower, the DMCC's prestigious second freehold commercial property.


The DMCC offered businesses 100% ownership as a free zone company and ownership of business premises on a freehold basis. Similarly to the Almas Tower, which went on sale at the same time and sold out in less than 24 hours, commercial space in the Au tower was initially limited to companies registered as DMCC members and engaged in the gold, diamonds and commodities trade. Total sellable area in the Au Tower was approximately 400,000 square feet on 37 stories, and was sold to clients representing all links of the gold value chain. Leading international and regional companies such as Lazurde, Taiba, Atassay, Damas, , Al Romaizan, Al Zahra and Sonigold are among the market leaders who have purchased properties.

Mr. Ahmed bin Sulayem, Chief Operating Officer, DMCC said, 'We were very pleased with the results from the sale of the commercial offering in the Almas Tower; we are delighted to see that Au Tower has received the same reception. We look forward to further developing the value chain proposition for the gold, diamonds and commodities sectors in Dubai.'

David Rutledge, Chief Executive Officer of the DMCC, said: 'We are thrilled by the strong interest in both of our properties. As I have said before, the DMCC believes that creating the necessary infrastructure and setting high benchmarks for trust and transparency are important facets in putting Dubai on the global map for the diamond, gold and commodities sectors. We will continue to seek out opportunities to accommodate the increasing number of market participants interested in establishing presence in Dubai via DMCC'

The Au Tower, Au being the chemical symbol for gold, is set to be the new heart of the gold industry in Dubai. The landmark 37-storey Tower has been themed for the gold, precious metals and jewellery industry. The tower is designed to meet the specific requirements of a wide range of gold-related business, including traders; distributors; designers and industry support services. Surrounded by gardens and lakes, the Au Tower offers a perfect location for creative and successful businesses. The Dubai Gold and Commodities Exchange will also be housed in this tower.

The Dubai Metals and Commodities Centre (DMCC) was created in 2002 as part of a strategic goal by the Dubai Government to establish a commodity market. It provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Residents are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 percent ownership, full ownership of business premises, and secure regulated environment.
 

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Mashala ...i wonder how will this tower look when it is ready ? will they use the basic design or change it as they did with Almass Tower ?
 
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