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Chestertons to showcase $925m luxury project in Dubai

Posted by PH Real Estate on 12 April, 2015
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Leading international property agency Chestertons is set to unveil a Dh3.4 billion ($925 million) London-based project by developers Mount Anvil at a key real estate exhibition to be held from April 13 to 15 in Dubai, UAE.

Established in 1991, Mount Anvil has created more than 5,000 London homes and has an unbroken record of profitability.

Their four outstanding Central London developments – Lexicon (Islington), Queen’s Wharf (Hammersmith), Dollar Bay (Canary Wharf), and The Landau (Fulham) will be showcased during the  expo at the Jumeirah Emirates Towers.

“London converges a mix of history and modernity that allures many investors from across the globe to seek an investment in one of the most preferred places in the world,” stated Samuel Warren, Global Director of International Residential Developments, Chestertons.

“Offering high-end lifestyle within safe surroundings combined with strong long-term investment gains provides London with an enduring appeal like few other global cities. Mount Anvil offers a selection of first class developments across this superb capital city,” he added.

“Lexicon is Islington’s tallest residential tower. Situated on the City Basin canal, just moments from London’s booming Tech City, it offers 200 exceptional one-, two- and three-bed homes for private sale, in a 117 m sleek and slender glass tower designed by Squire & Partners and Skidmore, Owings & Merrill LLP (SOM) –  architects for Dubai’s Burj Khalifa.

The Dh876 million ($238 million) development also offers a luxury residents’ only spa and 24 hour concierge. Apartments start from Dh3.7 million ($1.07 billion),” commented Faisal Khokhar, the head of Middle East Sales, Chestertons.

A recent Chestertons research report confirms that in addition to the critical shortage of homes in London there is an annual deficit of around 6,000 homes per annum.

Since 2,000 housing completions in London have been averaging just over 19,500 units per annum, whilst annual household growth is projected to be 25,400 per annum for the coming 30 years.

Due to these reasons London property prices will inevitably come under long upward pressure, said the property expert.

“Set in an unrivalled position by the River Thames, overlooking the Grade II listed Hammersmith Bridge; Queen’s Wharf offers 165 elegant residences, ranging from boutique studios to expansive three bedroom apartments and penthouses,” he added.

Enjoying amazing river views, inside the apartments represent the very best of British design with classic features and finishes, said Chestertons in its statement.

“The Dh1.2 billion ($326 million) development will also be home to the world-famous Riverside Studios – birthplace of iconic television series, Dr Who. These homes at Queen’s Wharf start from Dh3.1 million ($843 million),” added Faisal.

“Dollar Bay is a stunning 31-storey, dockside tower overlooking Canary Wharf designed by internationally-acclaimed architects, SimpsonHaugh & Partners.

Nestled in stylish Fulham, within walking distance of Kensington and Chelsea, The Landau, is a boutique development offering just 89 homes for private sale. It also features a 24 hour concierge, private residents’ lounge and gym.

Chestertons said with these new properties it aims to cater to UAE investors who wish to expand their local or international real estate portfolios and also individuals who simply wish to buy first or second homes in UAE or abroad.

SOURCE: https://www.tradearabia.com/news/CONS_279498.html

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+971 4 408 7000

+971 56 691 4393

website@phrealestate.ae

2405 Marina Plaza, Dubai Marina, UAE PO Box 53461

+971 4 408 7000

+971 56 691 4393

website@phrealestate.ae

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