IRIS unveils Dhs2.5bn residential development in Maritime City

Designed by internally renowned architects, WS Atkins, IRIS Mist will be the first development in this region to take the shape of patterned sea waves that rise from the Marina over the promenade and gracefully sweep up to 200 meters in height.

When complete, the freehold development will offer 54 residential floors of 355 luxury apartments comprising of one, two and three bedroom units, six retail outlets and 28 units of office space.

Ashwin Sheth, CEO of IRIS and Managing Director of Sheth Estate commented:

'With the launch of IRIS Mist, we reconfirm, our keenness to meet and exceed the expectations of individuals and investors wishing to buy unique properties at competitive prices within a mixed-use city.'

Strategically located on Plot R6 in the Harbour Residence District of Dubai Maritime City, IRIS Mist is spread across an impressive built-up area of 850,000 square feet. The development is strategically located within close proximity to Sheikh Zayed Road, Jumeirah Beach Road, Bur Dubai and Dubai International Airport.

With a team of world-class consultants on board, IRIS Mist is due to be handed over by July 2011. The tower will be a 'Green Building' and will be certified according to the U.S. Green Building Council LEED Rating System.

According to the Maritime City's Master Plan, all developers must obtain green building certification under the BRE Environmental Assessment Method (BREEAM) or Leadership in Energy and Environmental Design (LEED). In addition, all buildings in the Maritime City will be reviewed to assess the degree of compliance with the environmental requirements in terms of design, operations and best practices.

'We are committed to this environmental protection policy set by the master developer, and IRIS Mist is designed to exceed the highest and safest international construction standards making it the ideal place to live in,' added Sheth.

The IRIS Mist design concept includes energy consumption and conservation facilities such as reduced use of non-renewable resources & production of waste pollutants, maximizing opportunities for passive ventilation and cooling. The tower's façade will be built in layers of white pre-cast, aluminium and glass of varying colour and texture.

IRIS Mist's interior design will make optimum use of space and light where every detail will be attended to, from its high-speed elevators and six levels of car parking, to its top-class retail facilities located at the ground level.

Residents at IRIS Mist will have access to a wide range of state-of-the-art amenities including health and fitness centres with swimming pools and with retail area.

To date, IRIS has successfully launched several residential projects at Culture Village and Dubai Marina, including the award winning IRIS Blue which recently been handed over to investors & residents.

IRIS has been responsible for developing a number of luxury residential and high profile commercial developments in both UAE and India. To date, IRIS has developed $1,250m worth of developments in Dubai and $250m worth projects in India with aims of expanding its project portfolio to reach $2.3bn in next 3-5 years.