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Dh350m residential project on Dubai's Palm Jumeirah launched

Dubai - Starting price for one-bedroom unit and two-bedroom unit is Dh2 million and Dh4 million, respectively.

Palm Jumeirah is set to host another luxury project as Azizi Developments on Thursday launched a Dh350 million Royal Bay Residence on the east crescent of the world's famous housing scheme.
The new development, an exclusive collection of 90 fully serviced luxurious residential apartments next to Anantara Hotel, is part of the company's Dh4.5 billion development plan to build thousands of flats in Nakheel's Al Furjan project and Palm Jumeirah. The contractor for Royal Bay Residence is VICC.
The project, to be built on 4,787 square metres plot with a construction area of 11, 246 square metres, will have 58 one bedrooms, 30 two-bedroom units spread over eight floors and two outstanding penthouses located on the 9th floor, offering the most spectacular panoramic views in the area and having its own pool and Jacuzzi.
The company, which has already started construction and is expected to complete the project by March 2017, will initiate the sales process from Sunday.
"We plan to launch the sales of our new Royal Bay Residence project next week on Sunday. Starting price for one-bedroom unit and two-bedroom unit is Dh2 million and Dh4 million, respectively. There is a VIP sale on Sunday and Monday," Farhad Azizi, chief executive ofAzizi Developments, told Khaleej Times.
- muzaffarrizvi@khaleejtimes.com