Status Never built Cost $500 million | ||
Construction started Tower 1: 2010Tower 2: 2008 Roof Tower 1: 300 m (980 ft)Tower 2: 350 m (1,150 ft) | ||
Dubai Towers Istanbul (or DTI) was a skyscraper project that was to be built in the district of Levent, in Istanbul, Turkey.
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It comprised a twin-tower complex which was to contain extensive office space, residential apartments and penthouses, retail outlets and boutique hotels. Had it been completed, the towers would have become the two tallest buildings in Turkey. Tower 1 was expected to reach a height of more than 300m (103 floors) and Tower 2 over 350m (125 floors).
The site for the project was the former IETT Bus Garage, on Büyükdere Avenue in the financial district of Levent. This prime plot of land is located amongst many of Istanbul's current crop of skyscrapers - across the road from the Sapphire of Istanbul (Turkey's current tallest building),and will reach 261m in height.
The project was proposed by developers Sama Dubai (formerly Dubai International Properties) who saw Istanbul as potential for foreign investment. The project will cost US$500,000,000 and is part of a US$5billion investment into the city. The agreement states that Sama Dubai will hold 80% of DTI's shares, while the Istanbul Metropolitan Municipality, which currently owns the land plot, will hold 20%.
The project was cancelled in 2012.