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.


Market Performance

Emaar Properties - UAE
0.0 0.0 (%)
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
Time to invest?

Time to invest?

Foreign investors are seeing Qatar as an ideal place to purchase...

Heading for a correction?

Heading for a correction?

Property prices may have held relatively steady in Lebanon during...

Emaar's 'city of the future' explained

Emaar's 'city of the future' explained

The Iraqi city of Erbil is aiming to build on Dubai’s rapid march...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams