Emaar sees 'phenomenal' demand for new Dubai project

  • Share via facebook
  • Tweet this
  • Bookmark and Share
An artist's impression of Emaar's The Address Residence Sky View in Downtown Dubai.

An artist's impression of Emaar's The Address Residence Sky View in Downtown Dubai.

Emaar Properties has said it has seen "phenomenal" inital interest from investors for its newly launched The Address Residence Sky View project in Downtown Dubai.

The Dubai developer said it closed online registration for the project in less than one hour following huge investor interest for the residences and serviced apartments.

Emaar.com recorded visitor traffic from more than 75 countries, with the sale in Dubai open only to those who have registered online on March 2.

The investor interest for The Address Residence Sky View follows sell-out response to other recent Emaar project launches including The Address The BLVD and The Address Residence Fountain Views I & II.

Ahmad Al Matrooshi, managing director, Emaar Properties, said: "The phenomenal customer interest in The Address Residence Sky View is another strong testament to their growing confidence in Emaar's development credentials and Dubai's property sector.

"The online visitor traffic from more than 75 countries further underlines the growing international investor appetite for premium property developments in Dubai, particularly in Downtown Dubai, which is one of the most-sought after lifestyle destinations in the world.

"The international interest complements the success of our global roadshows, held most recently in India, where investors were enthusiastic about real estate investment opportunities in Dubai."

The Address Residence Sky View, at a height of over 230 metres, will feature 532 serviced furnished apartments and will be the latest addition to The Address Hotel + Resorts' portfolio and a flagship property for the brand.

Emaar said that the 50-storey hotel, residence and serviced apartment twin-tower complex has been designed by the architects of Burj Khalifa, Skidmore, Owings & Merrill.

The property will also serve as a business hotel of about 180 keys, it added.

The project will also feature a unique 'Sky Bridge', which includes a signature restaurant, infinity pool with amenity deck, offering 360-degree vistas of Downtown Dubai and panoramic views of the Gulf.

The sales event for The Address Residence Sky View is being held simultaneously in Dubai and Riyadh. Potential customers for the Riyadh launch only have to visit Four Seasons Hotel Riyadh, Kingdom Centre, and will be offered purchase opportunity on a first come, first served basis.

Related:

Market Performance

Emaar Properties - UAE
10.9
0.65 6.34 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

1
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Most Discussed
  • 7
    Saudi Arabia seeks talks on hiring of Sri Lankan maids

    I completely agree that Sri Lanka should not send any House Maids. Women should not be the solo breadwinner and destroy the life's of the children who... more

    Saturday, 30 August 2014 5:02 PM - Zaffe
  • 2
    Facebook to double staff in Dubai

    Stupid question maybe, but doubling to what? are we talking about Facebook adding ten new people, or 100, in the region? Seems like an obvious omission... more

    Thursday, 28 August 2014 10:58 AM - Granny Scroggins
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew