Kuwait’s Abyaar Real Estate, the luxury developer that launched on to the local property scene last year with a USD 1.4 billion investment plan, has issued the tender for the main works contract for its exclusive freehold villas at Acacia Avenues, Jumeirah, in the heart of Dubai.
With an investment value of USD 550 million, the contemporary, yet feature filled villas, are an element of a distinctive and luxurious development that includes apartments, gardens and extensive leisure and retail facilities.
Over 60 percent of the 50, five and six bed roomed exclusive villas, and the ‘Olgana’ tower -137 freehold, one, two and three bed-room apartments - sold within the launch month.
“The location is the key,’’ said Marzooq Al-Rashdan, Managing Director, Abyaar. “This is a premium site with excellent connections to Dubai’s commercial centres and the whole scheme is designed to offer residents a distinctly different living experience.”
The subsequent phase, ‘Hilliana’ a tower which will house approximately 185 buy to let or fractional options serviced apartments, will be released in March this year.
Wade Adams, one of the Gulf’s leading contractors, which is behind high profile work such as Palm Island Jumeirah and Dubai Sports City is responsible for all infrastructure works for the 94,000 square metre Acacia Avenues.
Five star hotel style services include 24 hour room service, concierge and pre-concierge services, transportation and chef and private butler options that will complement the build integrity to provide a truly superior living experience that heralds the arrival of contemporary urban living in Dubai.
The exclusive development adjacent to Knowledge Village and ready for full occupation in the first quarter of 2009, will be managed by award-winning Banyan Tree Hotels & Resorts, under the Angsana Resorts and Spa brand.
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