Al Mazaya Holding signs €50m contract with FENDI CASA

The signing ceremony was attended by Eng. Khalid Esbaitah, Executive Manager and CEO of Al Mazaya Holding, who signed the contract with Mr. Viontelli, CEO of FENDI CASA.

Owned by First Dubai For Real Estate Development, an Al Mazaya Subsidiary, Sky Gardens has attracted wide interest among the business community since its launch, due to its strategic location in one of the region's business centers.

Situated near the gate of the DIFC and facing Emirates Financial Towers, the Sky Gardens will be the first residential tower to be finished in a district that will be the focal point for economic activity in the region, attracting many investment banks and financial intermediaries from around the world.

The project offers a golden opportunity for anyone seeking a residence in the heart of a vibrant business community.

Al Mazaya is planning to offer more funding options and provide its investors with better opportunities to own residential unites at Sky Gardens with the best available funding facilities and options.

The company is studying a number of funding packages, submitted by key regional financial institutions, to select the best solutions for its clients.

Commenting on the agreement with CASA FENDI, Eng. Khalid Esbaitah said, 'By joining forces with FENDI CASA, we reiterate our commitment to producing luxurious finishings of the highest quality.

We are realizing our aspirations one by one, as Sky Gardens will be the first project to be completed at DIFC and will stand as an icon that blends functionality with contemporary, high-tech design and style.

Units at Sky Gardens will be home to elite businessmen and their families and will enable them to enjoy a lifestyle of leisure, luxury and tranquility.

'Sky Gardens is a revolutionary concept located in the heart of the DIFC. It is a modern home, icon of contemporary minimalist style, based upon the concept of 'Living Reinvented'. With the completion of the project, we prove the success of Al Mazaya's visionary strategy in its development, execution, marketing and delivery. Units at Sky Gardens have received overwhelming responses from investors, as it offers the highly demanded residential units for sale and serviced apartment for lease,' he added.

The project comprises of a 43- storey residential tower covering an area of 5990 square meters.

The designer of the project hails from one of the world's most prominent architectural bureaus, the London-based Gensler. Supervision of the project is assumed by WS ATKINS, and management by Projacs International.

The project contains 575 residential units varying in size from studios, two and three bedroom apartments to duplex apartments and penthouses.

Adding to the location of the project, Sky Gardens is characterized by the beauty of its design, where the element of creativity in this project is demonstrated in the building's five suspended gardens, overlooking most of the residential units.

This element enhances the aesthetic image of the project both internally and externally.