The launch of the exclusive 'The Presidential' residential building in south Dubai was announced earlier this week by the Dh3 billion Dubai Lagoon real estate project.
The ultra-luxury building project will provide housing units for a growing market of high-income investors in the United Arab Emirates and foreign investors looking to invest in the region.
Fifty-eight residential apartment units in the seven storey luxury building will be up for sale by the project developer, each with an estimated square footage of some 1,175 square feet to 2,940 square feet, according to Khaleej Times.
The building boasts private terraces overlooking the project’s lagoon as well as hardwood flooring in each of the apartment units, located in one of the two wings of the building complex.
Dubai Lagoon, under the patronage of the NASA Group, spreads over an area of 1.75 million feet. Fifty-three buildings are located in the complex, each consisting of studios apartments and one, two, and three bedroom apartments, as well as many penthouse apartment units.
Dubai Lagoon’s design is based on the idea of a residential apartment community planned around a luxurious lagoon area.
The Dubai Lagoon project, located at the Dubai Investments Park complex, was established over a quarter of a century ago.
