One of Dubai’s leading property developers Deyaar has run the ambitious venture in Business Bay. After the pandemic, the company is ready for serious construction and is currently engaged in building the first ultra-high real estate with flats to buy in Dubai.
It will be a 70-story tower with a total cost of AED 750,000,000 ($204,000,000). In addition, an off-plan property sales campaign is held in the building. The premium real estate will be called Regalia and will be built in 2024.
According to the payment plan, investors will need to make an advance payment of 10% of the cost of housing, and they will pay the rest of the money for seven years. At the same time, the minimum price of an apartment in this new building will be AED 627,000 ($170,000).
The developer did not name the exact height of the new tower but said that the building would be higher than anything it has built to date. According to the schedule, the project is planned to be completed by 2024.
Everything for a Comfortable Life in Dubai
Regalia will accommodate more than 900 smart home-enabled apartments with sought-after communal amenities.
Moreover, there will be recreation and fitness rooms, an outdoor swimming pool 70 meters long with private cabanas and Jacuzzis, a state-of-the-art family gym, a yoga pavilion, an outdoor winter cinema, picturesque lounge zones, and other benefits.
According to Saeed Al Qatami, CEO of Deyaar Development, both residents and investors will appreciate the elegant and impressive architecture of the tower, as well as refined interiors, up-to-date high technologies, and convenient connections to main highways such as Al Khalil Road and Sheikh Zayed Road.
Currently, JW Marriott Marquis Dubai is the tallest residential real estate in Business Bay.
About the Contractor
The project was transferred to the construction company Gulf Asia Contracting, part of the RP group owned by Indian billionaire Ravi Pillai.
According to Khalid Ababneh, Vice president of Projects and Commerce at Deyaar, “when choosing a general contractor, we paid attention to its reliable reputation, which is achieved through high quality and completed projects on time, as well as excellent indicators in the field of health and safety.”
RP Group has skyscrapers under construction in Dubai. “We are proud of our achievements in delivering high-quality projects on time, within budget, and the highest standards of occupational health and safety,” said Vinod Pillai, Regional Head of RP Group.
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