Deyaar Development has announced sales of AED900 million ($245 million) in its skyscraper project, Regalia, in Business Bay which was launched in July.
The company said smart home features and high-end amenities coupled with deals which includes three-year free service fees and full waiver on the property registration fees, were key drivers to the high sales in a relatively short period.
Nasser Amer, vice president sales and customer service said: “The project witnessed an overwhelming response from domestic as well as international investors seeking quality high-end developments reaffirming the level of trust and confidence our investors have in the quality of our developments and products.
“More than 85 percent of the units were sold which is a clear testimony to the appetite the market has for luxury developments”.
The company recently announced the appointment of the main contractor for the tower which is scheduled for completion in 2024.
Regalia will be the tallest-ever residential project developed by Deyaar and will offer high-end studios, one, two, and three-bedroom apartments in addition to duplexes and luxury penthouses.
The 70-storey premium residential building will feature smart home-enabled apartments. It offers a wide range of recreational and wellness amenities, including an Olympic-size infinity pool, a gymnasium and an outdoor winter cinema.
Deyaar said that with the successful launch of Regalia, further new projects are currently under study and the release announcements will follow in due course.
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