Chestertons, the international property agency, has announced that it will be unveiling a AED5.5 billion ($1.49 billion) London project in Dubai for UAE-based investors later this week.
The 250 City Road project by Berkley Homes has been designed by Foster + Partners and prices start from AED3.2 million for a studio apartment.
The consultancy said it has seen growing levels of interest from UAE investors towards London based properties "due to their long term and sustained capital growth prospects".
Chestertons said it will unveil more details on the project during an exhibition at the Jumeirah Emirates Towers on February 19-21.
Upon completion, the scheme will comprise 930 homes, a 190 bed four star hotel, office and retail space.
Samuel Warren, global director of International Residential Developments, Chesterton Humberts, said: "Over the years we have seen growing levels of interest from the UAE investors towards London based properties due to their long term and sustained capital growth prospects.
"We are bringing this prestigious 250 City Road project to Dubai in response to this overwhelming international investor interest. This project is undoubtedly a great investment opportunity for UAE investors."
The development incorporates almost two acres of landscaped gardens and courtyards, all of which are fully Wi-Fi enabled. The studios, one, two and three-bedroom apartments and penthouses are arranged across eight buildings, including two landmark towers reaching up to 42 floors.For all the latest banking and finance 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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