Emaar unveils new Dubai hotel, apartments project

The Address Residence Sky View will include 532 apartments and a 180-key business hotel

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 said on Saturday it was launching a new property in Downtown Dubai offering more than 500 serviced apartments and a 180-room luxury hotel.

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 in a statement 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, the statement added. 

Mohamed Alabbar, chairman of Emaar Properties, said: "The Address Residence Sky View will be another impressive, iconic structure to the Dubai skyline, offering unparalleled views of Downtown Dubai and beyond.

"The project builds on the growth of the property market and tourism sectors of Dubai, offering investors a premium choice of home in the most prestigious square kilometre on earth."

He added: "The Address Residence Sky View will become the referral point for all future projects from design and architecture to its host of services, while focusing on creating prime real estate assets in Dubai that contribute to the city's economy."

It will be linked directly to the Dubai Metro and The Dubai Mall via an air-conditioned travelator.

Spanning the tower complex will be a unique 'Sky Bridge', which includes a signature restaurant, ballroom, infinity pool with amenity deck, which offers 360-degree vistas of Downtown Dubai and panoramic views of the Gulf.

The launch of The Address Residence Sky View will be held simultaneously in Dubai and Riyadh, Emaar said, adding that it follows the "overwhelming investor response" to launch of The Address The BLVD, the first branded hotel real estate offered in Downtown Dubai, and The Address Residence Fountain Views I & II.

Emaar added that the launch of The Address Residence Sky View aimed to leverage "the strong investor confidence in Dubai's property market and surging demand for premium residences and hotels in central locations".

Potential customers can pre-register interest for the Dubai launch of The Address Residence Sky View from 10am in Dubai, on February 27 with sales on a first served basis on March 2.

Emaar Properties has marked several key new project launches in recent months in Downtown Dubai and Arabian Ranches, its established masterplanned communities.

Emaar is also developing the first residential community in the newly launched Mohammed Bin Rashid City, the largest of its kind real estate development in the region, along with Dubai Holding.

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Posted by: Wildwine

@Tarun; there is lot of "hot money" moving in.
Whether to treat this as real, sustainable growth or not is your call!

Posted by: Ronald

They have overestimated the "safe haven" aspect of Dubai, because while their hides might be safe their money isn't. There is a concerted hype campaign with all the new announcements, but keep notes and see just how many pie in the sky projects break ground. They still have The World to explain to the world. This is also a decoy duck to get the media off the scent of the debt stand off.

Posted by: Naveen Shetty

The design of the hotel is ctrl c & ctrl p from Marina Bay Sands Resort Singapore.

Posted by: realiste

No doubt it will be completly "sold out" within an hour of sales opening on launch day.

Then in a few months time, we will read of another EMAAR roadshow for sales in India!

Very strange what is going on.

As RS says, more people selling again. Oldtown must be a nightmare with all these extra buildings and traffic.

Posted by: Red Snappa

This is starting to get out of hand again with the real possibility that property is becoming the dangerously risky runaway train of the economy once more. It's a fickle market to be sure.

Anyway they're redirecting all the big-hitter investors to London, Paris etc and the Russians have the headlights on Spain. So why is this deemed a good time to launch, launch and launch again?

It makes it harder to sell what's out there, by the way when I last looked at a property listing site in the first half of January there were 21,850 properties listed for sale in Dubai, now that figure's shot up to 25,840. Does that mean everybody's keen to sell up and move on?

Posted by: Tarun

@Red Snappa
Sir, if you look at the price of 2 bedroom villas in the Springs which is at AED1.7M to 2M. This was at AED1M to 1.1M back in this time last year. What is the reason behind it?

Posted by: Fricheur

Yo Red snappa, if you are basing your study on websites similar to dubizzle to count the listed properties for sale, you will definitely get wrong figures, since most of the properties are listed several times, each time by a different real estate agent.
actually my property is listed 11 times on dubizlle !!!
so i guess you should divide that number by at least 5 times.. to obtain more realistic figures....

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