Developer Innovate living has announced it has started to handover the units of its flagship Palme Couture Residences project located on the trunk of Palm Jumeirah in Dubai.
Work on the luxury project, which commenced in 2015 and was officially launched in early 2018, will eventually see the delivery of all 14 exclusive residences.
They include 3-bedroom lateral apartments, 4-bedroom townhouses and 5-bedroom duplexes, all the way up to the Royal Penthouse of 7-bedrooms, complete with a separate guesthouse and terrace.
Palme Couture Residences units are fully-serviced with the amenities of a five-star hotel concierge and arrive with Italian marbles, sweeping ocean views, private beach access, smart home system, open air space and walk in closets.
Kareem Fahmy, founder and CEO of Innovate Living, said: “As a location, Palm Jumeirah continues to witness strong interest from investors seeking for beachfront developments. There has been unprecedented demand for unique and stylised living spaces that seek to enrich residents’ lives."
He said the Royal Penthouse sold for AED62 million ($17 million) while the average price of the residences not yet sold is AED25 million.
All units are expected to be sold before the end of this year, he said, adding that Innovate Living is now working on another project, details of which will be announced soon.
"The luxury market is big in Dubai as it’s known as a prime destination worldwide. For us, our aim is simply to achieve the highest quality by carefully guiding the designers, contractors and other collaborators and to give the best level of service to our residents," said Fahmy.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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