THE construction of the Franck Muller Aeternitas Tower, set to become the World's tallest residential clock tower, is progressing smoothly and is anticipated to be finished by 2027, according to a Construction review.

In the previous years, Dubai has been deemed as a global destination for the real estate market and it represents the economic growth and strength for the vision of the United Arab Emirates (UAE) that entails a future that is promising in the real estate market sector.

Just recently, a ready apartment unit was revealed to the media by Eman Taha of the tallest residential building in the world which is also the tallest residential tower in the world; the Franck Muller Aeternitas.

Tower that is located in Dubai.

As for now, the progress of the project is going on the right track and during its launch that was done just two weeks ago, 65 per cent of the apartment units were sold to buyers and it is set to be completed in the year 2027.

Height of the Franck Muller Aeternitas tower

The Franck Muller Aeternitas Tower in Dubai has a height of 450 meters and also contains a total of 106 floors with all the residential units and facilities having been incorporated with innovative construction techniques

The chief executive officer of London Gate, Eman Taha, said, “Dubai is currently a global destination in the real estate market sector and is a symbol of both economic strength and growth for the vision of the United Arab Emirates that unveils a future that is quite promising.”

Adding that: “It is our pride to unveil our newest project, which indicates a one-of-a-kind combination of architectural luxury, luxury and also quality. For the first time ever, the building bears the Franck Muller logo name. This is a clear reflection of the good partnership between London Gate and Franck Muller.”

Cost of the building project

This building was developed at an estimated cost of AED 928 million. Additionally, other two projects will soon be announced, adding on to the projects that were presented to the distinguished customers and whose apartment units were completely sold out in the company’s projects.

The said projects include Maya Project V and the Nadine Projects I and II which reflect the continued rise in demand for the company’s unique offerings of luxurious residential projects in the region.

This Franck Muller Aeternitas Tower is foreseen to offer an exceptional residential experience and will once again be a proof of excellence and prowess in the sector of luxury real estate development of the company.

According to Tom Hill, who is the Media Relation of London Gate, “We assure our customers the quality and one is able to witness here that this is our latest set up center of experience with the exact copy of our apartments to our esteemed customers.”

Adding: “Indeed, Dubai is a massive potential of luxurious residential units with the constant rise in demand as people seek to invest in the regions real estate market. At the Franck Muller Aeternitas Tower assure our potential customers of safety with the branded luxury apartment and finishing our project as scheduled as we see a lot of people coming to Dubai with big investment.”

Current state of affairs in the Dubai real estate market

Currently, the investment in the real estate market in Dubai is indeed one solid investment. The local real estate market especially is on the right track as people have started showing keen interest in the major luxury projects.

This is promoted by quite a number of factors like the rise in population in the region, security, and most importantly the policies of the government to participate in major developments.