IRIS, one of the leading property developers in the region has reported over 60% in sales for its iconic commercial development, IRIS Crystal in Business Bay, just three weeks since its launch.
Commenting on IRIS’ recent sales report, Ashwin Sheth, CEO of IRIS and Managing Director of Sheth Group said, “We are delighted with the response received from investors and business-seekers to IRIS Crystal over a very short period of time. Besides being nominated for Gold-certified Green building status, IRIS Crystal is designed to provide the best of class in amenities for both work and leisure. We are confident that IRIS Crystal will live up to its reputation of being the most admirable business address in Dubai’s regional business hub.”
When completed, IRIS Crystal will boast more than 116 offices elegantly positioned on 300,000 square feet (sq.ft) of prime community real-estate. The 25-storey office tower will offer freehold office spaces ranging from AED 3,000/- sq.ft to AED 3,400/- per sq.ft. Construction is set to commence in July and the project is scheduled for completion in Q4 2010.
Leading international architectural, firm, Aedas is the Lead Consultant and will be responsible for the architectural works, interior finishing’s and landscaping. The development will feature innovative designs and rich interiors with the finest fittings equipped with the latest innovative technologies. Tenants will have access to a diverse array of amenities, including health & fitness facilities, retail outlets and a state-of-the-art business centre, complemented by modern office infrastructure.
IRIS’ next ambitious project will be launched in July and will be an AED 2 billion residential development in Maritime city which will be developed on an estimated area of 800,000 sq. ft of Gross Leasable Area.
About IRIS
IRIS is a brand of futuristic real estate projects designed specifically for the UAE market by Sheth, India’s leading quality property developer. Launched in Dubai in 2005 the brand embodies Sheth’s tradition of uncompromising dedication to quality and innovation.
IRIS is established with the time tested values of its parent corporation, Sheth, as a leading construction house actively involved in building some of India’s largest communities, leisure and business complexes and high-rise towers. Sheth’s impressive portfolio boasts over 10,000 homes built, 50 projects completed and 6.61 million square feet developed in a history spanning over 21 years. This unmatched, high-end track record has consistently built a strong and lasting bond of trust between the corporation and its clients.
IRIS makes its debut with IRIS Blue, a luxury residential tower at Dubai Marina which has just recently been completed. IRIS’ second project is the highly anticipated IRIS Bay, a half-moon shaped commercial building strategically located at Business Bay, facing Sheikh Zayed Road. The third project on IRIS’ calendar is IRIS Amber, a residential building in the culture village.
