The Address The BVLD in Downtown Dubai
(SUPPLIED)
Emaar Properties, Dubai-based developer, on Sunday unveiled The Address The
BVLD serviced residences, a 340 metre tower, which is the second tallest in
Downtown Dubai after iconic Burj Khalifa.
Arif Amiri, Chief Executive Officer, Emaar Retail, said that the 63-storey tower will have 200-room hotel and 542 serviced apartments, with the public launch taking place on September 22.
"The hotel we're launching today represents an opportunity to capture the interest we're seeing from Dubai, (the Gulf), Middle East, Indian subcontinent, China and Europe."
The construction of the five-star hotel will be financed mainly through pre-sales of serviced apartments. No value or costs of the project were revealed.
"I truly believe that the real estate market in Dubai is on the path of robust growth. Our sales in the first half of this year were five times more than the same period last year," Amiri said.
Earlier this year, the developer launched Panorama at The Views project and new townhouses in Alma 2 cluster, Arabian Ranches.
Arif Amiri, Chief Executive Officer, Emaar Retail, said that the 63-storey tower will have 200-room hotel and 542 serviced apartments, with the public launch taking place on September 22.
"The hotel we're launching today represents an opportunity to capture the interest we're seeing from Dubai, (the Gulf), Middle East, Indian subcontinent, China and Europe."
The construction of the five-star hotel will be financed mainly through pre-sales of serviced apartments. No value or costs of the project were revealed.
"I truly believe that the real estate market in Dubai is on the path of robust growth. Our sales in the first half of this year were five times more than the same period last year," Amiri said.
Earlier this year, the developer launched Panorama at The Views project and new townhouses in Alma 2 cluster, Arabian Ranches.
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