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The first phase of this contract is valued at 600 Million Dirham and extends over a period of two and a half years. The Royal Estates comprises of 3,600,000 sq. ft of premium commercial, residential, retail propositions and a 5-star hotel that are fully integrated towards creation of this mixed-use elite community.
The construction has been planned in three phases with the first phase of this awarded contract including the construction of premium office and retail amenities, eight residential low-rise buildings and 193 townhouses.
Osman Valli, C.E.O of Aristocrat Star Investments, said:
"The Royal Estates reflects the changing face and growth of Dubai Investments Park. The awarding of this contract is a significant step in the development of this project and we, at Aristocrat Star Investments are extremely proud to be leading this project."
Mr. Valli added: "Given the market sentiment during recent times, we felt it was important to make an announcement of this nature. We want to show our commitment; and reinstate the trust that our investors and partners have placed in us. We want to proceed with what we promised, and maintain the confidence levels of our customers and investors."
"We recently introduced a payment plan to assist our customers, and this move involved utilizing additional funds from our international operations. This payment plan was extended to our existing customers to aid and assist them in difficult financial times and not as a tool towards getting new sales. As a result, the customer feedback we have received has been positive and overwhelming. This event is a small token of our appreciation in the faith and trust our customers have placed in us. With the announcement of this contract, we are well on our way to delivering one of the best gated communities in Dubai at The Royal Estates".
Located strategically within Dubai Investments Park, a one-of-its-kind mixed-use commercial, business and residential development, The Royal Estates is ideally placed to appeal to a variety of target audiences across numerous demographics who share one common ideal---the finer things in life.
The Royal Estates central location and connectivity to major highways puts all of Dubai's current landmarks - Jumeirah Golf Estates, Green Community, the new International airport and city's major business and leisure nerve centers - within easy reach.
The Gateway Apartments and Park View Apartments are a collection of six-storey, low-rise residential buildings located at the entrance to The Royal Estates residential community.
Together with Victorian Townhouses, stately homes at Garden Terraces, the commercial towers of Regents Business Park, boutique retail at Queen Victoria Market, the villas at Manor Park, the townhouses at Regal Row, and the five-star hotel, they make up the marvel that is 'The Royal Estates.'
Posted by Nadeen El Ajou
