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Dubai’s Banyan Tree Residences to be delivered in Q3 2019

Sweid & Sweid achieved more than $27.2m (AED100m) in sales during the pre-launch phase of Banyan Tree Residences

Banyan Tree Residences will feature a clubhouse with a spa and an indoor childrens play area, among other amenities.
Banyan Tree Residences will feature a clubhouse with a spa and an indoor childrens play area, among other amenities.

The Middle East’s first Banyan Tree Residences project is due to be handed over in the third quarter of 2019.

In a statement, UAE-headquartered developer Sweid & Sweid said that the G+31 tower is set to become “Dubai’s first urban residential resort” upon completion next year.

Currently under development on a 1ha site, the project is valued at the $163m (AED600m). Its amenities will include a clubhouse with a spa, an indoor children’s play area, a poolside café, and a fitness centre. Residents will also have access to a 30m swimming pool, a children’s pool, and flower garden.

Sweid & Sweid managing partner, Maher Sweid, commented: “Our design, construction, and procurement track record stemming from our heritage and experience as industry leading fit-out contractors has joined with the Banyan Tree design team to ensure no stone has been left unturned in achieving the highest standards.”

The developer further noted that it achieved more than $27.2m (AED100m) in sales during the pre-launch phase of Banyan Tree Residences.

“We’re seeing a lot of demand for larger units, especially the duplex apartments, which offer private gardens and double-storey living rooms,” added Sweid.

The developer announced in December last year that it had awarded a $68m (AED250m) contract to Civilco Civil Engineering & Contracting Company for the project.

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Construction Week - Issue 753
Nov 09, 2019