Niki Lauda Twin Towers
(On hold)
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The project is named after the Austrian three-time world champion Formula 1 driver, Niki Lauda.
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A 29 and 26 storey twin skyscraper development in Business Bay proposed by German developer ACI Define Properties in 2007 but never built.
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The project was designed to include retail and office space.
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ACI launched a string of celebrity-branded towers in Dubai in 2007, including Michael Schumacher Business Avenue, Boris Becker Business Tower and Niki Lauda Twin Towers.
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Construction on all three branded projects stalled in 2009 following the collapse of Dubai’s real estate market, and in September of the same year ACI Real Estate filed for bankruptcy on four of its seven property funds.
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As of 2023, Italian developer, Preatoni Group, has taken over the project which had been suspended since 2008.
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The initial investment, amounting to AED 160 million, remain in the escrow account and will be locked until the project is at least 50% complete.
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The project was originally sold as a twin-tower office development, and was completely sold out at an average a price of AED 1,400 per square foot. The new developer has agreed with the original 400 investors to switch the project to residential use, and undergo a complete re-design by Killa Architects.
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The new design will allow for a 25% increase in saleable units and construction is expected to take 3 years.
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The project was originally designed by Al Hazim & Associates with Saqer Engineering & Contracting signed-up to build the towers.
Transport & Access
From Niki Lauda Twin Towers it takes roughly 7 minutes to drive to Dubai Mall, 20 minutes to Palm Jumeirah, 19 minutes to Burj Al Arab and 24 minutes to The Walk JBR.*
Dubai International Airport (DXB) is roughly 18 minutes' drive and the new Al Maktoum International Airport is roughly 44 minutes' drive.*
Niki Lauda Twin Towers sub-buildings
Niki Lauda Twin Towers comprises two individual buildings each with their own characteristics and unit layouts. Learn more about each building in the guides below:
Niki Lauda Twin Towers Location
The map below shows the location of Niki Lauda Twin Towers and just below are summaries of the nearest attractions, parks, beaches, golf clubs and cinemas.
Nearby shops and outlets
The number of shops and amenities that are within walking distance can greatly affect quality of life and may be a key factor when choosing a place to live. Here is an analysis of all the commercial outlets that are currently operating in the vicinity of Niki Lauda Twin Towers.
There are dozens of outlets within walking distance of Niki Lauda Twin Towers. We've shortlisted the nearest ones across various categories:
For a full analysis of all outlets and amenities in the wider area visit our Business Bay Amenities guide.
Local Schools
Niki Lauda Twin Towers has many schools nearby including Japanese School Dubai at 1.8 km and JSS Private School LLC at 2.0 km.
In terms of performance there are 13 schools nearby that have achieved either of two highest government inspection rating of 'Very Good' or 'Outstanding' including Horizon English School Dubai which has a rating of 'Outstanding' and Jumeirah English Speaking School which also has a rating of 'Outstanding'.
Things to Do
We've partnered with LadiesNightDubai.com and BrunchCrunch.ae to give an overview of the current Ladies Nights and Brunch offers in the vicinity of Niki Lauda Twin Towers.
Nearby neighbourhoods
Explore communities that are either adjacent or close to Niki Lauda Twin Towers.
Construction Updates
See the development of Niki Lauda Twin Towers in photos:
Niki Lauda Twin Towers in the News
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