The project involves construction of five high-rise buildings comprising 20, 24, 28, 32 and 36 floors respectively, including: • A reception area, • Business centre, • Boardroom and • Conference room with facilities such as • High-speed Internet, • Underground parking, • Swimming pool, • Health and fitness centre, • Children's play area, • High class retail outlets, • Covered visitor's parking and • Restaurants. The Richreit Towers will be located on Plot No. BB.A03.020 at Business Bay in Dubai . This striking property with a modern yet elegant façade, will command a prime position on Burj khalifa Boulevard overlooking the world’s tallest building, and is expected to open in 2017. Real foundation undertakings and attractions are inside a short distance of the 299-room inn loft including Old Town Island, the Opera District in Downtown, The Dubai Mall and the Dubai Canal Project, while the city's money related and business center points are on its doorstep as well. “With Mövenpick Hotel Apartments Al Burj Business Bay we are introducing a new upscale concept that delivers sophisticated living in a district that is rapidly emerging as Dubai’s new business and leisure hub,” said Andreas Mattmüller, chief operating officer, Mövenpick Hotels & Resorts Middle East and South Asia. Invitation to bid for the main contract is expected in June 2007, with submission due by the end of July 2007. The main construction contract is expected to be awarded in August 2007 and construction work is expected to begin in September 2007.