Demand for luxury freehold property in Dubai upbeat
The 45 storey ‘Trident Grand Residence’ (TGR), the fourth freehold luxury residential project from Trident International Holdings (TIH) has sold over 90% of the project in just two weeks from its launch. Consisting of a total 253 condominiums & luxury penthouses, the project attracted a diversified set of buyers.
Confirming this, Mr. Wazir Ali Daredia, Director & CEO, Trident International Holdings said “We are indeed delighted with the response we have received for Trident Grand Residence. We credit this achievement to the distinct niche that Trident has carved for itself in the freehold market and the steady demand for luxury property in Dubai.” Commenting further Mr. Daredia said “The sellout of over 90% of TGR in record time is also thanks to the brand equity we have created for a Trident home and the pending demand that emanated from the success of our first three projects.
Launched on July 30th 2005, the luxury proposition of Trident Grand Residence has attracted an even mix of investors from International to UAE and Gulf based buyers. Besides institutional investors, a significant number of individuals have also invested in TGR which reiterates good demand for real estate primarily driven by the fact that returns on investment are still lucrative in this sector. Investment opportunities apart, the Dubai Marina is also one of the most solicited waterfront address in the world. The place is fast becoming an up market quality urban development that is home to many celebrities from around the world.
Strategically located within walking distance from the oceanfront, Residents of Trident Grand Residence will exclusively enjoy the pleasures and comforts of unique concepts being introduced for the first time such as sky gym, sky lounge, cigar lounge, aerobics lounge, yoga alcove, indoor golf, tennis courts besides a full fledged business center, banquet hall and 3G Transponder System are some of these exclusive features along with a whole load of luxurious offerings.
Trident’s earlier three projects, The Waterfront, Marinascape and Bayside Residence were very successful attracting a lot of demand for a Trident home. Full-scale construction of Trident Grand Residence will commence shortly, and the project is scheduled for completion by mid 2008. For this prestigious project, Trident has partnered distinguished architect Hazel Wong, the designer of the iconic “Emirates Towers” and her world class architectural firm RMJM, world renowned interior design firm, Hirsch Bedner & Associates and U.S Headquartered, Parson Brinkerhoff, one of the oldest project management companies in the world and project managers of the Palm Jumeirah.
Trident International Holdings is a part of a global group engaged in diversified corporate activities with presence in major cities world wide. TIH was incorporated with a committed focus on up market and super luxury living and has since revolutionized this concept of ‘luxury living’ in the Middle East. Trident has pioneered some bold concepts related to up market luxury living, most of which are benchmarks in the industry.