Thursday, November 06, 2008

New Royal Bay project, worth Dh.1.8bn unveiled at Dubai Waterfront

A new Dh.1.8bn Royal Bay project was unveiled at the Dubai Waterfront by the developer VIP Waterfront.

Royal Bay Waterfront
Complete with two helipads to enable access, the Royal Bay development covers a built-up area of more than 1.2mn square feet. The development includes a 158 units residential tower and a penthouse. About 107 offices are situated within its commercial tower. Both towers are linked at one level with a floor which includes a spa and a gymnasium.

The development also houses 12 villas and two palaces and a three-storey shopping mall. The helipads will ease transportation within the locality.

The Chief Executive Officer of VIP Waterfront, Slava Garin said that heli-transportation will soon be a part of future transportation in the country.

Royal Bay is situated in proximity to the Dubai World Central, the largest international airport, and hence its easier to reach the place, as even car traffic is restricted in the Waterfront, he added.

The apartment prices begin with Dh.2300 per square foot, and starts with Dh.2700 per square foot for villas.

Royal Bay will be displayed at the International Property Show in Moscow early next week.

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