Oriental Pearls, a Chinese real estate developer operating in the UAE, unveils Meydan residential project
Oriental Pearls, a Chinese real estate developer operating in the UAE, has unveiled its Tonino Lamborghini Residences Dubai project.
The 4.6 million sq ft development will add nearly 8,000 premium freehold apartments in Meydan, the company said in a statement, with the project due to be completed in 2024.
The unveiling comes after Oriental Pearls announced a multi-million dollar agreement earlier this year with Tonino Lamborghini, an Italian company that is known for designing lavish hospitality projects.
The agreement with Oriental Pearls will see the developer apply the Tonino Lamborghini branding, philosophy and values across its real estate developments in Dubai, it added.
Ma Guolong, CEO of Oriental Peals, said: “We are delighted to announce that we are a step closer to fulfilling our vision of delivering upscale and bespoke homes for the modern consumer.
"Our partnership with Tonino Lamborghini is rooted in our desire to bring premium living spaces to discerning buyers in the UAE. We are seeing a demand for luxurious and well-designed homes in Dubai – and we are proud to announce that with Tonino Lamborghini Residences Dubai we will be able to add an inventory of premium apartments to the market."
Tonino Lamborghini added: “We are excited to partner with an established brand that understands our vision and philosophy. The real estate market in Dubai has transformed rapidly over the years – and there is a clear appetite for luxurious and bespoke homes that offer an unmatched lifestyle. We are confident this partnership will deliver a truly remarkable community that is synonymous with Dubai’s vision for growth.”
The project is targeted at customers who plan to buy-to-live and private investors living in the UAE, as well as India, China and Saudi Arabia.