On a quest to stock up the ‘super luxury’ end of property- the Al Barari cluster (opposite Global Village) the Dubai developers has just launched a collection of 13 ‘signature’ apartments which cost about Dh2,500 per sq ft.
“We remain reasonably confident about the response to the 13 units in The Signature Collection will generate among end-users and the long-term investor. This is not a relatively huge amount of stock that is being released. At Seventh Heaven itself, there will be no such thing as a typical floor or an apartment. In fact, there will be no repetition” said Martyn Crook (Al Barari’s CEO for Asset Management).
More of Dubai’s developers are expected to test the market sentiments for high end properties. Nakheel is also expected to announce sales of apartments which includes 12,000 sq ft penthouses as well as a twin tower in Ibn Battuta Residences.
Report also has it that a master developer had a soft launch of Dh30 million villas. We’re currently at a time where the market is starting to pull itself up.
“The hotel and the other residential offerings will be the final piece of the Al Barari jigsaw. We have always found it best to do things in phases” Said Crook.
“We have identified what the mix of retail should be and now we will go on to confirming the companies that will provide them. It will be a mix of retail, F&B and fine dining and in keeping with the overall feel of the Al Barari community.” Added Crook.