ETA Star announced the launch of its AED 1.5 billion Star hill Towers & Gallery located at Business Bay. Star hill Towers & Gallery is a twin tower waterfront development comprising state-of-the-art freehold offices, a 5-star hotel and a luxury shopping mall. The mall that will be part of the project is the famed Star hill Gallery owned by the multi-billion dollar conglomerate YTL Corporation Malaysia, is a world-class shopping destination that has redefined the experience of luxury shopping.

The 28-storeyed office tower of the project offers freehold office spaces ranging from 924 sq ft to 1,645 sq ft and boasts of waterfront views for every office. Star hill Towers & Gallery is equipped with all the modern amenities including high-speed elevators, swimming pool and gym, excellent communication facilities, 24/7 security and maintenance and ample parking facilities.

Speaking at the press conference, Abid Junaid, Executive Director, ETA Star, said, “As a true twin tower integrated development in Business Bay offering world-class facilities and attractions, the Star hill Towers & Gallery is certain to create a mark in Dubai’s property development setting. The significance of the project is amplified by its enviable location at the heart of Business Bay with waterfront views on one side and the prestigious Burj Dubai on the other.”

“We are pleased to be the property developer for a project that houses the unique Star hill Gallery luxury mall owned by the Malaysian conglomerate YTL Corporation. The mall will be a gallery of luxurious experiences in fashion, food, beauty and art and consists of several dedicated zones. Moreover, we will have a leading 5-star hotel chain managing the hotel at the project,” added Junaid.

Construction of the Star hill Towers & Gallery is set to commence in the third quarter of 2007 and the project is scheduled for completion in the second quarter of 2010. ETA Star also announced a special limited offer from the First Gulf Bank whereby investors can avail up to 80 per cent finance for the project without the loan-processing fee.

Tan Sri Francis Yeoh, Managing Director, YTL Corporation, said, “We are glad to partner with the ETA Star and set foot in Dubai, which is growing at an incredible pace. Although Dubai is known for its huge shopping malls, we are confident that the Star hill Gallery will create a mark for itself with its distinctive design, architecture and a unique shopping experience it will offer.”

M/S D P Architects of Singapore who are known for designing several landmark projects around the world including The Dubai Mall, are the concept architects for the Star hill Towers & Gallery, which will have a total built up area of approximately 1.6 million square feet.

ETA Star is one of the leading property development companies in the GCC and is the first developer in the region to be awarded the ISO certification. The company has successfully launched projects close to 10 million sq ft in various master development communities like Dubai Marina, Jumeriah Lake Towers, Dubai International Financial Center, Business Bay and International Media Production Zone. ETA Star’s portfolio includes pioneering projects such as 23 Marina, Al Manara, Liberty House, Gold Crest Executive, The Palm Jumeriah Residence and Spa and Grandeur Residences, The Summit, Pearl Residence, The Belvedere and Gold crest Views-2.