|05 May, 2019

$102mln luxury real estate project in Arjan launched

The project will include 38,000 square feet of high street boulevard retail

Labourers work on a construction site in Dubai. Image for illustrative purposes.

Labourers work on a construction site in Dubai. Image for illustrative purposes.

REUTERS/Steve Crisp

Vincitore Realty has launched Dh375 million Vincitore Benessere that will deliver 380 branded residences ranging from studios to 3-bedroom luxury apartments.

The project, located in Arjan next to Miracle Gardens, will include 38,000 square feet of high street boulevard retail to the serve the entire community in and around the area. It has more than 100,000 square feet of luxurious world-class amenities that will cater to all the wellness needs of each and every resident of the project ensuring their happiness and comfort.

The launch of Vincitore Benessere more than doubles the developer's real estate portfolio value to Dh730 million, including the Dh135 million Vincitore Palacio and Dh230 million Vincitore Boulevard. The project's construction will be self-financed by the developer and it is planned for delivery in 2021.

"Real estate is not limited to four walls and a roof. It means a lot more as most buyers put their life savings into a property that they want to live in and call it a 'home'. We are mindful of that and we are putting all our efforts to make the homes worth living in, breathing in and make them enjoyable and happy experience every day," Vijay Doshi, Chairman of Vincitore Realty, said.

Although a luxury project, the homes are offered at affordable prices ranging between Dh1, 000 to Dh1,250 per square foot. Price of a fully-fitted studio apartment starts at Dh470, 000 and buyers could benefit from an extended up to seven-year payment plan offered by the developer to help the end-users acquire their dream home.

"This is our third such project, built upon the success of our maiden project - Vincitore Palacio - that we delivered in 2017," Veer Doshi, executive director of Vincitore Realty, said, adding that second project Vincitore Boulevard is planned for delivery this year.

- business@khaleejtimes.com

 

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