Property description

TheFalcon Toweris a 41-floor tower clockin theBusiness Bayarea ofDubai,United Arab Emirates. The tower has a total structural height of 163m (534ft). Construction of the Falcon Tower was completed in 2005.

Falcon Tower is a seven-minute walk from Business bayin a North Easterly direction towardsDubai Creek

Only a thin blue hoarding separates the busy shopping district of Downtown Dubai from the new waterside office and residential area of Business Bay yet the two locations feel worlds apart.

Turn right along a narrow road from The Dubai Mall and you are suddenly faced with piles of sand and heaps of junk. Shiny green glass buildings stand next to half-finished structures of grey skeletal concrete stalled by the downturn.

This is Business Bay, one of the areas of Dubai hit hardest by the global financial crisis. Its master plan, drawn up in 2003, envisaged the biggest office district in the Middle East, with towers of offices and homes along the lines of Canary Wharf in Londons Docklands.

With the recovery in the Dubai real estate market and a new wave of optimism hitting the city, things appear to be finally looking up for Business Bay. And as it regenerates, the area is altering its identity with the emphasis shifting from office towers, giving greater weight to residential and leisure, rather like Downtown Dubai.

Work on Business Bay started back when high office rents and low vacancy rates prompted a building boom in office towers. Investors bought off-plan offices, like apartments, in the hope of getting high rents.

But Business Bay was a victim of its timing. Construction work on many of its projects was scheduled to start just as the global financial crisis hit the emirate and many companies exited the country, leaving office space empty.

Over time, Business Bay became known in the city as a soulless expanse of office space and an area where a few hardy expatriates made their homes, putting up with unmade roads and taxi drivers bafflement in return for cheap rents in luxuriously built apartments. Local agents estimate that apartments in Business Bay rent for about 25 per cent less than similar.

Company Name: KGR Real Estate (RERA ORN # 16084)

Tel: 04-3308775 (+9714-3308775)Mobile: 0504530194

Website: www.kgrrealestate.com

Address: Boulevard Plaza Tower 1, office # 3303, Downtown Burj Khalifa, Dubai, UAE

*The images used in this advert is protected under copyright and can only be used by KGR.

Property Features :

• Balcony
• BBQ area
• Built in wardrobes
• Central air conditioning
• Community View
• Covered parking
• Gymnasium
• Kitchen white goods
• On low floor
• Sauna
• Shared swimming pool
• Steam room
• View of sea/water
• Bus services
• Metro station
• Public parking
• Public transport
• Restaurants
• Shops