About Shapoorji Pallonji
One of the most veteran and admired building and real estate companies of India, Shapoorji Pallonji has ventured in the international arena by taking a giant leap. The firm as it has more than 158 years of astonishing legacy history, has highlighted some of the most renowned structures in India. The developer is now officially finished with its first international residential project in the person of Dubai.
Shapoorji Pallonji’s Milestone in Dubai Real Estate
Imperial Avenue, a landmark undertaking of the group in Downtown Dubai, is a strategic point in its path of global expansion. This venture has been developed with complete regulatory cadre of Dubai Real Estate Regulatory Authority (RERA), which shows the favorability of Dubai as a real estate center to international real estate developers.
Cyrus Engineer, the SP International property developers claimed, Imperial Avenue is not just another luxury tower but the statement of intent.
Imperial Avenue: A Luxury Landmark in Downtown Dubai
Imperial Avenue, a 45-storey building, gives visitors a magnificent panoramic view of both the Burj Khalifa and Dubai Canal. The building project is a AED 1.4 billion project which presents a group of luxury apartments, designed with the best of detail, quality and sustainability.
It is a project that entrenches Shapoorji Pallonji to the world market, more precisely the competitive yet quick-paced UAE real estate market.
Key Features and Amenities of Imperial Avenue
Luxury apartments are not the only thing to be offered in the tower. Residents enjoy:
- Infinity rooftop pools: Scenic views paired with luxurious leisure.
- A 10,000 sq ft large lobby: Spacious entry showcasing grandeur.
- A gym and a spa: Wellness facilities for residents.
- Recycling of grey water and solar panels: Green innovation in residential living.
- Individual movie theaters and entertainment rooms: In-house luxury entertainment.
- Social decks and play areas of children: Family-friendly amenities.
Imperial Avenue marries high-end living with the green technologies of innovation a very much in-demand partnership in an international real estate developers market.
Dubai’s Appeal for International Real Estate Developers
Dubai has a number of unsurpassable benefits:
- Tax free investment climate: Attractive fiscal benefits.
- High level of rental income in prestige areas (8-12 % ROI): Exceptional returns.
- Good infrastructure and futuristic master planning: World-class planning.
- Due to being of high demand by international buyers: Trusted global market.
The fact that Shapoorji Pallonji has invested in Downtown Dubai, one of the most sought after destinations in the world where the real estate developments take place, is indicative of the strategic real estate value of the city.
Handover Process and Homeowner Experience
Shapoorji Pallonji is now also starting to host home owners’ inspection and hand-over with the building completion certificate. The developer is highly committed towards quality and their delivery schedules, which makes them credible to global investors.
Future Prospects for Shapoorji Pallonji in Dubai
It is believed that the success of the Imperial Avenue will open the door to Shapoorji Pallonji to develop more projects internationally in Dubai and the entire GCC market. More Indian and foreign developers can follow this path as Dubai has been stable over the years, has great global connectivity, and an increasing demand in luxury.
