Dubai-based real estate firm Tanmiyat Global announced it would hand over its The Court Tower project in April 2017, Arabian Business reported on Wednesday.
The project is 80% complete, according to the company’s CEO, Mohammed Bin Odah, who also says 88% of the units have already been sold. Odah also voiced the company’s expectations of prices to rise by at least 15%, especially after the opening of the canal.
The Court Tower is a $300 million development and includes office space and residential units, and is reportedly the first project at the Dubai Water Canal to be handed over.
The Dubai Water Canal is scheduled to open in November after it was flooded with water on Tuesday for the first time.