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Dubai: Located in the heart of Downtown Dubai, on one of the most prestigious square kilometers of real estate in the world, The 118, a boutique luxury project by Signature Developers, has just sold one of their trademark apartments for a formidable AED 50,000,000.
Nestled mere steps away from Dubai Mall, across the Address Downtown, The 118 offers an opulent, yet highly secure, retreat for UHNWIS’.
A near record breaking sale, the luxury property earned its elusive ticket price through immaculate IADA award winning design, exclusive access to a community of prolific residents, palatial interiors, impeccable details, premium services, and an unparalleled, panoramic view of the Downtown area. This is in stark contrast to current ‘ultra’ expensive residences that heavily rely on beach front access and a sea view to justify their asking price.
Moreover, the sale cements an upward trend of investor confidence in the country. Following a volatile 2 years, Dubai, once again, has positioned itself as a safe haven for burgeoning entrepreneurs, international investors and celebrities alike.
“Interestingly, a big draw to our pool of discerning buyers has not only been the uncompromising luxury we stand by, but also the heightened level of security and privacy we offer. With only 28 units built, we strive to build a sought-after community of tasteful residents, that value discretion and peace of mind. ” adds Sunil Nihalani, a senior representative for Signature Developers.
The duplex apartment, one of only two being offered at The 118, features 6 ensuite bedrooms, extraordinary 8 meter high living room ceilings, state-of-the-art amenities,
exquisitely furnished interiors, generous ‘walk in’ closet spaces, and a combination of stone and pearlescent finishes.
The property itself also features a luxurious 30,000 sq. ft pool side garden and deck, dedicated chauffeur accommodation, 24 hour maintenance and concierge services, a well- equipped fitness center, valet services, and some of the best security facilities available in the city.
-Ends-
For more information kindly contact:
Iskander Ahmed
+971555245522
iskander@buzzybee.me
ABOUT 118
Home to an exclusive collection of 28 luxury residences, The 118 redefines extravagance with a unique offering of full-floor residences.
The 118 promises to be the ultimate residential address in Downtown Dubai for a discerning few. Inspired by global standards and trends gleaned from Hong Kong, Tokyo, London, and New York, the project is a forerunner of its type in the region.
From the moment you step into the tower, spacious interiors set the scene for your journey to the residences, which reveal surprisingly generous interiors.
ABOUT SIGNATURE DEVELOPERS LIMITED
Established and founded by the Regal Group and Lals Group, Signature Developers Limited is a pioneering Dubai-based development company. The company is inspired by both organisations’ philosophy of constant innovation and exceptional quality. Both groups are known in the region for their decades-long commitment to innovation, high quality, and service, while remaining rooted in their heritage.
Combining their experience leading world-class organisations in retail, development, and technology, the partners have turned their focus to creating and achieving new benchmarks within the upper spectrum of the Dubai residential marketplace; resulting in the creation of two unique residential properties. Their properties showcase the timeless values with which they lead and create. They continue to garner new attention as Signature makes a name for itself as a leading developer of high-end residential projects in Dubai.
© Press Release 2021
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