Dubai's largest developer, Emaar, will be launching The Address Residence Sky View II in Downtown Dubai on 18th May. However, the launch will also happen simultaneously in three other cities – Doha, London and Riyadh.
The developer will sell properties only to individuals who are locals or residents of these three countries.
Emaar has not disclosed the number of units being sold or their prices. The developer, in March, sold units in ‘The Address Residence Sky View I’ at an average price of Dh.2600 per square feet, with all units in the project being released during the launch.
Construction of The Address Residence Sky View, a 50-storey hotel, residence and serviced apartment twin-tower complex, in Downtown Dubai will begin in August this year, and is due for completion by August 2016. The handover of the towers would begin in December 2016.
Standing at a height of more than 230 metres, the Sky view tower will have 532 serviced apartments fully furnished with floor to ceiling windows, linked directly to Dubai Metro and The Dubai Mall through the new air-conditioned travelator.
Sky View II, designed by Skidmore, Owings and Merrill, will include a hotel with 180 rooms and an observation deck. Spanning the tower complex, will be a ‘Sky Bridge’, which would comprise a signature restaurant, ballroom, infinity pool with amenity deck, offering 360-degree vistas of Downtown Dubai.
The Emaar Chairman, Mohammed Alabbar, said they would continue to launch new properties and projects on a regular basis.
Emaar held roadshows on 14th and 15th May at 4 Season Hotel Park Lane on a first-come-first-serve basis. Over the past few months, Emaar has held road shows in Mumbai, Doha, India, Qatar and Singapore.