Al Madar Investments today has launched Suhail Tower, a Dhs1.4bn ($381m) residential project located in the Madinat Al Arab area of the Dubai Waterfront. The 47-storey tower, which is scheduled to be complete in late 2011, will encompass studio, one, two and three bedroom apartments with luxury penthouses occupying the top 3 floors. Madinat Al Arab is one of the ten areas of the Dubai Waterfront, and is being developed by an international consortium of architects, planners and urban developers.