Muhammad Nasir Falak launches S.I.T. Tower as Dubai's newest hi-tech commercial destination

Offers combination of world-class business and leisure amenities as well as a premier corporate location at Dubai Silicon Oasis.

Muhammad Nasir Muhammad Iqbal Falak, in collaboration with Sherwoods Independent Property Consultants and First Choice Real Estate, has announced that it has yesterday (Monday 16th 2008) launched the S.I.T. Tower, Dubai's newest high-technology commercial complex being developed at Dubai Silicon Oasis. The S.I.T. Tower was unveiled at the Westin Dubai Mina Seyahi Beach Resort & Marina's Serdaal Ballroom, attended by H.H. Sheikh Marwan Bin Mohammed Bin Rashid Al Maktoum, Chairman of Emirates International Capital Advisory; and Brigadier Sheikh Talib Bin Saqr Al Qasimi, Director General of Ras Al Khaimah Police Department; as well as other high profile investors and stakeholders.

The S.I.T. Tower features an unparalleled combination of excellent business location, world-class amenities and attractive payment schemes that make it highly attractive among investors and property buyers. Moreover, it is being developed by reputed industry figure, Muhammad Nasir Falak, which has been behind marquee projects such as the Al Ittihad Village, International City – Phase 3, and other developments in Limitless, Downtown Jebel Ali and Dubai Waterfront.

Muhammad Nasir Falak, developer of S.I.T. commented: "This tower is another achievement for us. We are looking forward to remarkable sales success because of the unique features of S.I.T. Tower combined with its excellent prime location at Dubai Silicon Oasis. Our confidence has also been boosted with our strategic partnership with Sherwoods Independent Property Consultants and First Choice Real Estate for this project."

Iseeb Rehman, Managing Director of Sherwoods Independent Property Consultants, said: "For this huge project, we are proud to be in partnership with Muhammad Nasir Falak, as well as with First Choice Real Estate, the region's leading real estate brokerage and property management company. The S.I.T. Tower reinforces our strategy, which is to continue enriching our clients’ lives by providing a wide range of world-leading property services and choices. Our expertise, professionalism and extensive experience enable us to help our clients realise their dream property investments.”

Najeeb Haron, Managing Director, First Choice Real Estate said: "We are so proud to be involved in such an important and unique investment. Being in a highly conducive and prestigious free zone location will be an important factor in generating strong sales and attracting investors for the S.I.T. Tower. First Choice Real Estate has always ensured that our clients’ interests come first and have constantly endeavoured to bring to them projects that are viable, trustworthy and provide excellent returns on investments."

Up to 25 per cent of the S.I.T. Tower development has already been completed, while an escrow account has been opened and approved by Dubai's Real Estate Regulatory Authority (RERA). Other key features of the S.I.T. Tower are a number of high-end retail shops and a full range of café's and restaurants.

Being located in Dubai Silicon Oasis delivers greater attraction to foreign investors as it offers 100 per cent foreign ownership as well as zero personal and corporate taxation, among several other free-zone privileges. The commercial complex will also take advantage of a thriving urban community, world-class infrastructure, a master-planned residential environment nearby, as well as easy access to Dubai's International Airport, seaport in Jebel Ali and Dubai's central business district.