Monday, August 11, 2014

Royal Estates project officially launched in Jumeirah

The Dh.2.3bn Royal Estates project has been officially launched by Bollywood Superstar Shah Rukh Khan during an event held in Madinat Jumeirah in Dubai.

The development is a collaboration between Aristocratic Star, Pal Developments, and Pacific Ventures, a statement said.

The 2.3mn sq. ft. gated community is located in Dubai Investments Park, adjacent to the Expo 2020, and features 2000 units comprising two, four and five bedroom townhouses, apartments, boutique retail spaces, an office complex and luxury hotel.

Mr. Khan expressed his delight to be associated with the project and said that Royal Estates ensures uncompromised comfort, safety and elegance and state-of –the-art landscaped serenity that weaves a stellar community.

The Director of Pal Developments, Atiq Merchant, said that the Royal Estates, which is a unique project, promises to be a lucrative combination of residential, investment and commercial haven.

Tony Ashai, the celebrity architect, speaking about Dubai said that Dubai is an energetic city with a regal touch, which inspires elegance and stylised sophistication. The property market here is positive, and this is the time when business owners and investors seek to enjoy the plush vibe of the city. These factors have been taken into consideration when designing this project, offering a blend of homely comfort and luxury.
The project sales began on 7th August. The phase 1 of the project includes 400 units to be delivered during first quarter of 2015. The apartment units start at Dh.450,000 and townhouses from Dh.1.6mn onwards.

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