Dubai’s $5.7bn Royal Pearls project ‘on track for 2022 completion’
Dubai's $5.7bn Royal Pearls project 'on track for 2022 completion'
Developer says construction of phase 1 of Meydan project is more than 10% finished
By Staff writer
Wed 22 Nov 2017 01:26 PM
Oriental Pearls, an upscale property developer in the UAE, has announced that Royal Pearls, a 4.6 million square foot community of more than 7,000 premium freehold apartments, is on track for completion in 2022.
Located in Meydan Master Development in Dubai, more than 10 percent of phase 1 of the $5.7 billion project is already complete, the developer said in a statement.
Tariq Jarrar, vice president of sales and marketing at Oriental Pearls, remarked: “Royal Pearls is designed to harness the power of innovation to provide superior premier lifestyle options, set in refined, elegant and environmentally-friendly surroundings of Nad Al Sheba. Networked buildings with smart security and automated services are part of our value addition, which will be de riguer in similar developments going forward.”
He said the enabling work for the first 12 towers is finished and the anticipated completion for all units is scheduled for November 2019.
He added that at the heart of Royal Pearls will be a community centre, surrounded by water features, and a park. There will also be cafes, restaurants, a 55-seater private theatre, day care centre, multifunctional hall, spa, salon, bowling alley, squash courts and a fitness centre.
Subscribe to our Newsletter
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
Related news
Video: watch Louvre Abu Dhabi being built in under 3 minutes
23 Nov 2017
Construction
Work starts on new UAE naval base in Somaliland
22 Nov 2017
Construction
Emaar Development shares fall 4.3% on DFM listing debut
22 Nov 2017
Companies
Revealed: work starts on $6.8bn 30,000-home Dubai mega project
22 Nov 2017
Construction
Bahrain hires consultants for new exhibition and conference centre
22 Nov 2017
Construction
Dubai plans new sewer system for next 50 years
21 Nov 2017
Construction
Saudi wealth fund said to take over $10bn financial hub
21 Nov 2017
Banking & Finance
Arabtec unit wins $268m contract for Downtown Dubai project
21 Nov 2017
Construction
A world of possibilities with ACICO
21 Nov 2017
Construction
New $1.4bn Palestinian city rises with sleek homes, boutiques
21 Nov 2017
Construction