Following the recent joint venture agreement that was penned down between Aristocrat Star, PAL Developments and Pacific Ventures. The partners revealed the project name and details while announcing the pre-launch phase.
Royal Estates in Dubai Investments Park is what the 2.3bn master planned development is named. The beautifully landscaped community grounds will house 2000 units in all, comprising apartments, villas, boutique retail spaces, an office complex and a luxury hotel.
The Royal Estates will go on sale from the first week of August with apartment units starting at Dhs450,000 and townhouses from Dhs1.6m onwards.
Atiq Merchant, Director, PAL Developments LLC, said: “The Royal Estates community provides a sanctuary of purposefully designed spaces complimented by inspired aesthetics that celebrate the innovation and modernization that are synonymous to Dubai today.” He added, “It presents an outstanding opportunity, providing a range of choices for investors and home owners in a locale where demand is expected to rise ahead of the Dubai 2020 Expo. Given our team’s collective inclination to create an ideal community that rejoices family living, Royal Estates promises to be a perfect backdrop for all those precious memories waiting to be created.”
“A step above the rest is what we have strived to create with Royal Estates by ensuring every aspect of the development is nothing less than the best. We are excited about the venture and commit our best to all investors from quality to delivery”, said Osman Valli, Chairman, Aristocrat Star Real Estate Development.
“The Royal Estates development is the fruition of a common vision shared between the team, a vision to create accessible investment opportunities within high quality real estate in Dubai. The project reflects Tony Ashai’s contemporary and chic design sensibilities while being housed in the midst of lush green landscaping. And considering the attractive introductory price points we have finalized, Royal Estates has all that it takes to become every family’s dream home”, said, Parvez Khan, Chairman, Pacific Ventures.
The project sales will commence on August 7th 2014 and Phase 1 of the project comprising of 400 units shall be delivered during the first quarter of 2016.
Thursday, July 17- 2014 @ 9:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.