Shapoorji Pal­lonji to han­dover $400m Im­pe­rial Av­enue tower by Q4 2019

The lux­ury res­i­den­tial project, lo­cated in Down­town Dubai, is the com­pany’s flag­ship project in the UAE

MEP Middle East - - NEWS UPDATE -

Shapoorji Pal­lonji (SP) In­ter­na­tional Prop­erty De­vel­op­ers (SPIPD) an­nounced that its res­i­den­tial Im­pe­rial Av­enue tower is now 40% com­plete and on sched­ule for han­dover by De­cem­ber 2019.

The lux­ury res­i­den­tial project, lo­cated in Down­town Dubai, is the com­pany’s flag­ship project in the UAE.

Con­struc­tion of 28 floors has been com­pleted in less than two years, demon­strat­ing the com­pany’s long-term com­mit­ment to the UAE real es­tate mar­ket and to this land­mark project val­ued at over $400m (AED1.5bn).

Cyrus En­gi­neer, man­ag­ing di­rec­tor at SP In­ter­na­tional Prop­erty De­vel­op­ers, said: “We are very pleased with the progress of Im­pe­rial Av­enue and de­lighted to an­nounce that we are cur­rently on sched­ule for a timely com­ple­tion in twelve months. SPIPD prides it­self on serv­ing clients with trans­parency and hon­esty to meet con­trac­tual han­dover date. This con­firms our com­mit­ment to our in­vestors.”

En­gi­neer added: “The prop­erty mar­ket in the UAE is see­ing early signs of resur­gence lead­ing to re­newed op­ti­mism and we at SPIPD have been closely mon­i­tor­ing this trend. We have de­vel­oped this pay­ment method to help in­vestors by of­fer­ing them flex­i­bil­ity, re­duc­ing the bur­den borne at an ear­lier stage, and we are con­fi­dent that this is an op­por­tune time to in­vest in a project like ‘Im­pe­rial Av­enue’ that of­fers new lev­els of re­fine­ment for con­sumers in the coun­try.”

Im­pe­rial Av­enue, an ex­clu­sive col­lec­tion of lux­ury homes in Down­town Dubai, con­sists of 424 apart­ments and 5 lev­els of park­ing. Em­pha­siz­ing on larger liv­ing spa­ces, this pre­mium res­i­den­tial project epit­o­mises a lux­u­ri­ous life­style, of­fer­ing plush 1, 2, 3, 4 and 5 bed­room apart­ments, pent­houses and podium level vil­las com­plete with lav­ish liv­ing rooms, de­signer kitchens, re­lax­ing bath­rooms and mas­sive pri­vate decks.

De­sign ren­der; con­struc­tion of 28 floors has been com­pleted.

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