VIP Waterfront, one of the international luxury property developers in the region officially launched Royal Bay at a gala dinner held at the Safinah Ballroom in Jumeirah Beach Hotel on Saturday, 1st November, 2008.
The event was attended by 600 delegates including a number of local & international investors, consultants, architects, senior officials and media who were welcomed by VIP Waterfront with a detailed presentation of the development. At the event, VIP Waterfront officially opened sales for Royal Bay with apartment prices starting from AED 2,400/- per sq.ft and villas priced at AED 2,700/- per sq.ft.
Unveiling Royal Bay and commenting on the overwhelming investor response to the project, Mr. Slava Garin, CEO of VIP Waterfront said, “We are proud to launch Royal Bay and are confident that the quality of planning and attention to detail that we have employed in the execution of this project will be highly appreciated by the residents of this community, in terms of both function and aesthetics. When completed, Royal Bay will be known as a place where living is always pleasurable and businesses remain profitable."
The project is a blend of residential, commercial, leisure and retail spaces and is spread across an impressive built-up area of 1.2 million square feet along the Dubai Waterfront.
Designed by Maks & Partners, Royal Bay will provide businesses and residents with uninterrupted 180 degree panoramic sea views. Residents at Royal Bay will have access to a wide range of state-of-the-art amenities including smart home technologies, health and fitness centres with complementary therapies and health treatments.
The development will be equipped with a four level fully air-conditioned parking basement along with a helicopter pad located on the top of each tower. In addition, the commercial towers will be under the JAFZA Freezone license and will have prominent architectural features and rich interiors with the finest fittings equipped with the latest innovative technologies.
Strategically located on the Waterfront in Madinat Al Arab and within close proximity to Dubai International Airport, Royal Bay will offer over 158 luxury apartments, 107 offices, 12 luxury villas, 2 palace-style homes and an expansive three-level shopping mall.
VIP Waterfront is one of the selected few developers to have received the Gold Degree – by LEED, for their green initiative offering prestigious developments and affordable living. With a team of world-class consultants on board, Royal Bay is due to be handed over at the beginning of 2012.
About VIP Waterfront
Launched in Dubai in 2007, VIP Waterfront is the brand of luxury real estate developments designed specifically for the UAE market by Olimp Group.
Olimp Group was founded in the late nineties, with diversified interests in real estate development, construction, finance, banking, agriculture, hospitality, and packaging. Olimp’s impressive portfolio boasts over 800 homes built, and projects valued at US$ 250 million, including shopping malls, hotels and industrial plants. This unmatched, high-end track record has consistently built a strong and lasting bond of trust between the corporation and its clients.
With a focus on quality the Group couples its attention to detail with a search for a property’s most suitable location. The corporation has been successful in matching its values with its execution, demonstrating the transfer of one successful project after the other for more than a decade.
With a team of 20 multicultural professionals, VIP Waterfront covers all aspects of real estate development and is determined to deliver its mission and vision to every client and partner.
For more information please visit www.vipwaterfront.ae
