Structural works complete on Dubai’s $545m The Alef Residences
With all structural works and more than 70% of façade works now complete, Dubai’s The Alef Residences is on track to hit its 2018 handover target, according to ASI
All structural works on Dubai’s The Alef Residences are now complete, according to the project’s developer, Al Sharq Investment (ASI).
More than 70% of the $545m (AED2bn) development’s façade works have also been conducted, and fit-out activities are underway.
ASI revealed that the project, which is collocated with the five-star W Dubai – The Palm on Palm Jumeirah, attracted sales totalling $29.9m (AED110m) within just two months.
The Alef Residences is on course to officially welcome residents in 2018, according to its developer.
Grant Ruddiman, chief hospitality officer at ASI, commented: “In addition to the sought-after location, the highest quality finishes, and state-of-the-art home automation, The Alef Residences offers owners services that cater for any need.
“It is this combination of elements that creates a unique living experience that we can proudly say is contributing to the great demand for these properties, with buyers located both regionally and abroad,” he added.
The Alef Residences will comprise two buildings, featuring a total of 104 homes. Residential units will range in size from 465m2 (5,000ft2) to 1,400m2 (15,000ft2), and will be serviced by the adjacent W Dubai – The Palm.
Alexander von Sayn-Wittgenstein, luxury sales director at the development’s broker, Luxhabitat, said: “The Alef Residences’ sales represent the continued momentum and confidence in Dubai as a leading destination for luxury properties, as well as a consistent demand for niche lifestyle destinations that offer very private and spacious apartment living, complemented by a five-star, round-the-clock service offering.”
Residents of The Alef Residences will have access to all of W Dubai – The Palm’s services and leisure facilities, in addition to Club 104. The fully serviced club will feature a gym, a fitness centre, a yoga room, four private spa rooms, a running track, a tennis court, a family restaurant, a 16-seat cinema, and a 250m-long beachfront.