Deyaar launches $272mn 70-storey tower in Business Bay
Luxury residential project Regalia to have 900 apartments of various denominations, with construction to start in August and completion scheduled for 2024
UAE-based property developer Deyaar Development PJSC has announced the launch of Regalia, a 70-storey, AED 1bn luxury residential skyscraper in Business Bay, which will be the tallest tower the company has ever built.
A statement from Deyaar said that construction on the project will start in August and is expected to be completed by December 2024. The project will have over 900 apartments in total, divided into 172 studios, 572 one-bedroom apartments, 118 two-bedroom units and 41 three-bedroom flats, in addition to four duplexes and two penthouses offering views over Dubai Creek, Dubai Lagoon and Mohammed Bin Rashid City, said Deyaar.
The developer added that the building will offer a “high-end urban lifestyle” with more than 900 apartments featuring smart home technologies such as smartphone-compatible controls and a wide range of amenities, including fitness and recreational facilities, an outdoor infinity pool measuring 70m in width, jacuzzi, an open-air cinema, lawns, landscaped gardens and more.
Saeed Al Qatami, CEO, Deyaar Development, said: “We are pleased to launch Regalia, our flagship skyscraper that will set a new benchmark for high-end urban living in the heart of the city. It will be designed to the highest international standards with an unparalleled collection of premium lifestyle amenities. Residents and investors can expect sleek and expressive architecture, elegant interiors, smart city technologies and seamless connectivity to major thoroughfares such as Al Khalil Road and Sheikh Zayed Road. As always, we affirm our commitment to delivering projects on time and look forward to commencing construction of Regalia in August, 2021.”
Nasser Amer, vice-president, Sales and Services, at Deyaar, said: “We are tremendously excited for the completion of Regalia in December 2024. As well as a plethora of amenities, each of our quality apartments will have built-in appliances, meaning they are ready to be occupied as soon as they are completed. Investors can purchase freehold units with an initial upfront payment of just 10% and enjoy attractive instalments over a seven-year plan. What’s more, we are running an exclusive launch offer including a three-year service charge waiver and a full DLD waiver.”
Established in 2002, Deyaar is one of Dubai’s largest property developers and has delivered more than 20 million sqft of developments in the city.
