Dubai: In a bid to fulfill its promise to the region, Shapoorji Pallonji (SP) International Property Developers (SPIPD) has announced that its iconic residential Imperial Avenue tower is now 40% complete and on schedule for handover by December 2019. The luxury residential project, located in Downtown Dubai, is the company’s flagship project in the UAE.

Construction of 28 floors has been completed in less than two years, demonstrating the company’s long-term commitment to the UAE real estate market and to this landmark project valued at over AED 1.5 Bn.

“We are very pleased with the progress of Imperial Avenue and delighted to announce that we are currently on schedule for a timely completion in twelve months,” said Cyrus Engineer, Managing Director at SP International Property Developers. “SPIPD prides itself on serving clients with transparency and honesty to meet contractual handover date. This confirms our commitment to our investors.”

A flexible payment plan, that allows investors to pay a down payment of just 10 per cent, subsequent payments of 20 per cent of the property value during construction, and balance 70% of the property value upon project completion, has resulted in a comfortable sales position for the company.

“The property market in the UAE is seeing early signs of resurgence leading to renewed optimism and we at SPIPD have been closely monitoring this trend,” added Cyrus. “We have developed this payment method to help investors by offering them flexibility, reducing the burden borne at an earlier stage, and we are confident that this is an opportune time to invest in a project like ‘Imperial Avenue’ that offers new levels of refinement for consumers in the country.”

Imperial Avenue, an exclusive collection of luxury homes in Downtown Dubai, consists of 424 apartments and 5 levels of parking. Emphasizing on larger living spaces, this premium residential project epitomises a luxurious lifestyle, offering plush 1, 2, 3, 4 and 5 bedroom apartments, penthouses and podium level villas complete with lavish living rooms, designer kitchens, relaxing bathrooms and massive private decks.

For more information, please visit: http://imperial.shapoorjiproperties.com/  or call on 800 SPIPD (77473).

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ABOUT SHAPOORJI PALLONJI GROUP
Shapoorji Pallonji is one of India’s oldest family 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'. (Landmark Group HQ, Saudi Electrical HO-Riyadh, Kuwait University, Mudon Community for Dubai Properties, Rove Hotels for Emaar, Meydan Nad al Sheba bridge, Jewel of the creek infrastructure work.Today, they are present in over 70 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 with a turnover of 6.25 billion dollars.

Website: http://www.shapoorji.in/ 

ABOUT SHAPOORJI PALLONJI (SP) INTERNATIONAL PROPERTY DEVELOPERS and IMPERIAL AVENUE
Shapoorji Pallonji (SP) is now foraying into the sphere of international property development through its arm – Shapoorji Pallonji International Property Developers (SPIPD). Committed to building a long-term relationship with the Middle East and International markets, 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  

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 

© Press Release 2018

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