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- Construction to start in August with completion scheduled for 2024
Dubai-UAE:– Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced the launch of Regalia, a AED 1bn luxury skyscraper in Business Bay offering a smart and high-end urban lifestyle embodied by royalty and distinction.
Regalia will be the tallest tower Deyaar has ever built. The 70-storey premium residential building will feature smart home-enabled apartments. It offers a wide range of recreational and wellness amenities, including an Olympic-size infinity pool with private cabanas and Jacuzzis, a state-of- the-art family gymnasium, a yoga pavilion, and an outdoor winter cinema. The project also features social amenities, such as a BBQ and private dining areas, residents’ lounge and business centre, as well as indoor and outdoor children’s play areas. The amenities are nested within a wealth of organic landscape and great lawns providing the perfect environment for residents and owners to relax, unwind and enjoy quality time with their families and friends.
Speaking on the announcement, Saeed Al Qatami, CEO of 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. We anticipate that the project will appeal to investors as it has been 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.”
With sleek, expressive and opulent architecture, Regalia will become a stunning landmark in Dubai’s ever-evolving skyline. The elegant interiors combine timeless, contemporary design with high-level functionality and aesthetic beauty, open spaces, high ceilings and floor-to-ceiling windows.
“We are tremendously excited about the release of Regalia. The upscale development is expected to be completed in December 2024,” said Nasser Amer, Vice-President – Sales at Deyaar. “The project creates a sense of belonging to the community, through a range of carefully selected social, wellness and recreational amenities. The luxury apartments will also feature branded built-in appliances. Investors can register and complete their purchase formalities with an initial upfront payment of just 10 per cent and enjoy attractive installments 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. There will not be a better time to invest in such an upscale development than now.”
For two decades, Deyaar has shaped the urban real estate landscape of Dubai. Established in 2002, its meteoric rise is a testament to a limitless ambition. As one of Dubai’s largest property developers, it has successfully delivered more than 20 million sq. ft. of developments to cement Dubai’s position as one of the world’s greatest cities.
Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties with the highest levels of service and quality.
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About Deyaar
Deyaar Development PJSC is a leading real-estate developer and real-estate services company, headquartered in Dubai. Since its establishment in 2002, the company has registered exponential growth to become an industry leader in the region, with a share capital of AED5.78 billion.
Deyaar is well-positioned to play a pivotal role in the development of the region's property landscape. The company’s in-depth market intelligence, world-class services and unrivalled property management support for communities across diverse portfolios have firmly consolidated its pioneering status in the region’s real estate landscape.
Combining excellence with a vision to create natural living environments while placing customers at the core of its strategies, Deyaar serves as a one-stop real estate solutions provider. Under this profile, its scope includes the delivery of end-to-end property development and property management services across the UAE.
Deyaar provides facility management services for its portfolio of commercial and residential units. The company spearheads an association management team to ensure the wellbeing of Deyaar’s homeowners as a key priority. Deyaar complies with the escrow legislation and relevant property laws in the UAE, and it is registered with the Real Estate Regulatory Authority under reference number 15/07.
For further information, please contact:
Ala Mansoor Hasan
Manager PR & Investor Relations
Deyaar Development PJSC
Dubai – UAE
+971 4 3840175
+971 50 1411223
alah@deyaar.ae
Mathilda Saad
APCO Worldwide
+971 55 509 2614
msaad@apcoworldwide.com
© Press Release 2021
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