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First Banyan Tree Residence in Middle East goes on sale

March 1, 2018 Hotel Developments No Comments Email Email

Award winning UAE-based developer Sweid & Sweid and hospitality giant Banyan Tree, have officially launched sales for the Middle East’s first Banyan Tree Residence in Dubai.

Executive Chairman of Banyan Tree Holdings, Ho Kwon Ping along with Sweid & Sweid Managing Partner, Maher Sweid and Chairman Mohannad Sweid officially launched the sales suite, located adjacent to the construction site, which offers prospective buyers a clear view of the sprawling development and a mock full-scale two-bedroom residence, showcasing the luxurious design, premium finishes and other unique details that make these residences truly distinct.

Speaking at the launch, Chairman Ho Kwon Ping said: “This is a significant landmark for Banyan Tree in the Middle East. Our unique offering adds a new dimension to luxury residential developments in Dubai with an abundance of resort style amenities, presenting a unique opportunity for prospective buyers.

“Our partner Sweid & Sweid has an enviable reputation throughout the Middle East. Their proven track record and reputation for delivering high quality developments that go over and above regional standards, endorsed our decision to enter the Dubai market in partnership with them.”

The development, located where DMCC, the Montgomerie Golf Course, The Emirates Golf Course and Emirates Hills intersect on Al Telal Street will feature 244 residences over 32 storeys and boast tremendous uninterrupted views in all directions. One, two, three and four-bedroom apartments, duplex apartments with private outdoor gardens, and three full-floor penthouses crowning the building will be available with apartment prices starting from AED1.49 million.

Interior finishes include 3.2m clear ceiling heights, Grohe fixtures and Villeroy and Boch sanitary ware. Custom kitchens feature quartz and Zebrano wood detailing with Siemens and Smeg stainless steel appliances.

Maher Sweid, Managing Partner of Sweid & Sweid, commented: “It has been an incredible journey to get to this stage and we are extremely proud to officially launch the sales suite for this development.

“We have committed to plant over 10,000 plants and trees within the development to create what will truly be a unique urban oasis experience. This will be complimented by a holistic offering more commonly found in hotels and resorts. Residents will have access to Banyan Tree concierge services through a dedicated Director of Residences, along with a host of world class amenities covering every aspect of luxury living including leisure, health and fitness under Banyan Tree’s unrivaled levels of world-class service and hospitality.”

The unique single tower is set within a gated community stretching over 110,000 square feet. The residents-only Clubhouse & Spa includes a state-of-the-art fitness centre, an authentic Banyan Tree Spa experience, saunas, a squash court, and a secured indoor children’s play area.

Outdoors, residents will enjoy a 31-meter resort-style swimming pool, a children’s pool, a children’s play area, and a poolside café, all set along the extensive outdoor green spaces with lush landscaping.

“After two years of design development we are very confident that the project will be met with a positive response from prospective investors. We began construction at the start of 2017, over a year in advance of the sales launch and have already generated considerable commitments from investors, an indication of the appetite for world-class residential living and five-star amenities,” added Sweid.

The launch of the Bayan Tree Residence was given a warm welcome by Ahmed Bin Sulayem, Executive Chairman, DMCC, he said:

“We are delighted to welcome Banyan Tree to DMCC’s Jumeirah Lakes Towers community where over 92,500 people live, work and thrive seeking out new experiences and amenities to enjoy every day. And, we at DMCC take pride in enhancing and delivering to this promise with partners such as the Banyan Tree”.

Additional benefits buyers will receive include membership to the Banyan Tree Sanctuary Club, which entitles them to privileged access to over 40 resorts and hotels, more than 60 spas, 70 retail galleries and 3 golf courses worldwide.

Owners can choose their preferred global escape while enjoying an array of discounts and priority benefits, including invitations to Banyan Tree community organized events, as well as free stays at pre-opening resorts and hotels through the group’s Xperential Guest Program.

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