· Investors to take advantage of a limited-time promotion and experience luxury living
· Raft construction completed for Imperial Avenue with project delivery in December 2019
Dubai, United Arab Emirates - In keeping with the spirit of the Holy month of Ramadan, Shapoorji Pallonji International Property Developers (SPIPD) has unveiled an attractive payment plan for investors who are interested in owning a luxury apartment in the developer’s first international real estate project, Imperial Avenue, located in Downtown Dubai. Under the new payment plan, investors will get the opportunity to upgrade their living experience with an initial payment of only 5% and pay 55% of the property value upon completion.
Following the 5% reservation amount, home owners will be required to pay an additional 10% of the property value within 60 days from booking. Subsequently, investors will have the flexibility to complete seven installments of 4% each of the property value every three months and a final installment of 2% of the property value.
Commenting on the Ramadan offer, Rayomand Dastur, Director - Sales and Marketing at SP International Property Developers (SPIPD) said, “Imperial Avenue is a premium residential development that offers larger living spaces in the heart of the city. With a booking fee as low as 5% and a flexible payment plan until completion, we want to support investors by reducing the monthly installments and providing peace of mind.”
As of May 2017, 15% of the project work has been completed. In addition, the construction of the raft has been completed recently, setting the next stage for construction of the G+45-storey high-rise. The main structural works is expected to be concluded by June 2018, ensuring the project is on track for handover in the 3rd quarter of 2019.
With over 45 years of experience in completing and delivering quality projects in the Middle East, Shapoorji Pallonji Mideast was recently honored by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, with ‘Dubai Quality Appreciation Award (2016 cycle)’ for the construction sector at the Dubai Business Excellence Award.
To invest in Imperial Avenue, visit SPIPD’s sales office located in Business Bay, Dubai; call +9714 299 3880; or log on to https://www.shapoorjiproperties.com
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ABOUT SHAPOORJI PALLONJI (SP) INTERNATIONAL PROPERTY DEVELOPERS
With a workforce of over 35,000 employees and presence in 45 countries globally, Shapoorji Pallonji (SP) is now foraying into the sphere of international property development through its arm – Shapoorji Pallonji International Property Developers (SPIPD). The company, which is headquartered in Mumbai, India, has completed key projects in the region including the Nad Al Sheba Bridge, Golf Villas for Emaar, Dubai Park Towers for DAMAC, Fairmont Bab Al Bahr Abu Dhabi and Barwa City Qatar. Currently, the company is contracted to complete Rove Hotels for Emaar, Landmark headquarters, Bloom Abu Dhabi and Mudon Villas Dubai. Committed to building a long-term relationship with the Middle East and Africa, Shapoorji Pallonji International Property Developers’ first real estate project outside India, Imperial Avenue, is currently being constructed in Dubai, United Arab Emirates.
Website: http://www.shapoorjiproperties.com
ABOUT SHAPOORJI PALLONJI GROUP
Shapoorji Pallonji is one of India’s oldest business conglomerates with a rich legacy of more than 151 years constructing world-renowned landmarks including the tallest residential building in India, the largest mall in India, the largest cement clinker plant in Asia, nuclear research establishments, airports, factories, stadiums and more. In 1971, Shapoorji Pallonji became the first Indian construction company to venture into the Middle East, when they were chosen to build the 'Royal Palace for the Sultan of Oman'. Today, they are present in over 45 countries globally. From a small company in 1865 to a conglomerate in the present day, Shapoorji Pallonji Group of Companies has subsidiaries in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology.
Website: http://www.shapoorji.in/
ABOUT IMPERIAL AVENUE
Imperial Avenue, an exclusive collection of luxury homes in Downtown Dubai, is Shapoorji Pallonji’s first real estate project outside India. Complete with three levels of free flowing podiums and state-of-the-art facilities, Imperial Avenue consists of 1, 2, 3 and 4 bedroom apartments, 4 and 5 bedroom penthouses, 3 bedroom villas and 4 and 5 bedroom villas with private pools at the podium level. Standing 45 storeys tall with 424 apartments and 5 levels of parking, Imperial Avenue emphasizes on opulent living spaces offering high quality living. With modular kitchens, designer bathrooms and private decks, every apartment is unique. A premium 10,000 sq. ft. lobby, rooftop infinity pool, family pool on the 9th floor, fitness center, squash court, indoor and outdoor kids play area, private AV room and private function hall is available for residents of Imperial Avenue.
Website: http://theimperialavenue.com/
For further information, please contact:
Batoul Al Beitouni
Associate
GOLIN MENA
+971 4 332 3308
bbeitouni@golin.ae
© Press Release 2017
