Dubai-based real estate developer Reef Luxury Developments has announced the launch of its ‘sunken balcony’ project, aimed at focusing on innovative concepts.
The project involves the creation of temperature-controlled sunken balconies across all apartments in Reef properties, offering residents the advantage to benefit from outdoor living throughout the year.
The company is set to launch 5,000 residential units worth over AED 5 billion in the next three months. By the end of next year, Reef Luxury Developments aims to launch over 30 projects with a value of over AED 14 billion.
Samer Ambar, CEO, Reef Luxury Developments said: “Aligned with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to establish Dubai as a global hub for innovation. We have introduced the first-of-its-kind ‘Sunken Balcony’ technology transitioning the real estate industry globally.
“Our commitment is to create exceptional properties that not only cater to the needs of today’s residents but also anticipate the evolving demands of the future. We are excited to lead the way in shaping vibrant communities that will enrich the quality of life for all,” he added.
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