Shapoorji Pallonji announces completion of first-ever residential development
Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000-square-foot grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover.
Backed by Dh1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers.
Announcing the completion, Cyrus Engineer, SP of International Property Developers said: "Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address."
Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12 per cent ROI for luxury properties, the developer has invested its legacy in Dubai's future-ready real estate markets. "Dubai's ambition mirrors our own - to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise." Cyrus added.
Attracting buyers from over 60 nationalities, the project offers a curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas with private pools, designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately Dh2 billion, this venture marks a significant milestone. As the group enters the international markets, this venture is a symbol of Shapoorji Pallonji's transformation into a global luxury developer, cementing its position in Dubai's real estate renaissance.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tahawul Tech
24 minutes ago
- Tahawul Tech
Presight and Abu Dhabi Police to advance AI-driven policing, smart city innovation
The partnership will accelerate the deployment of intelligent systems that enable proactive crime prevention, real-time threat detection, digital forensics, and predictive analytics. Dubai — Presight, a leading global AI and big data analytics company, has entered a strategic cooperation agreement with Abu Dhabi Police General Headquarters (GHQ) to develop cutting-edge artificial intelligence technologies for law enforcement. During a signing ceremony, Presight and Abu Dhabi Police jointly expressed their shared commitment to use AI to enhance law enforcement capabilities, advance public safety, and foster the development of secure, intelligent urban environments. Attending the ceremony were His Excellency Ahmed Saif bin Zaitoon AlMheiri, Commander-General of Abu Dhabi Police, His Excellency Mansoor Al Mansoori, Member of the Abu Dhabi Executive Council, Chairman of the Department of Health – Abu Dhabi, and Vice Chairman of Presight; Thomas Pramotedham, CEO of Presight; and Dr Adel Al Sharji, COO of Presight, and Mohammed AlMheiri, Chief Business Officer – Public Safety & Security. Major General/Engineer Nasir Sultan Al-Yabhouni, Director of the Leadership Affairs Sector at Abu Dhabi Police, said: 'Our partnership with Presight helps us benefit from world-leading artificial intelligence technologies that will enhance our policing capabilities and take them to new heights. 'This collaboration supports our efforts to maintain public safety through innovation, which means strengthening our officers' ability to respond faster, make smarter decisions, and make Abu Dhabi a safer and more secure place.' The collaboration aims to integrate the capabilities of Presight's AI-Policing Suite – a modular, future-ready solution that leverages Generative AI, AI agents, and advanced data analytics – with Abu Dhabi Police's operational excellence to address modern challenges in policing and smart city development. Mohammed AlMheiri, Chief Business Officer – Public Safety & Security, Presight, said: 'This strategic agreement marks a pivotal moment in the evolution of AI-driven public safety. Presight, together with Abu Dhabi Police, are enabling a new era of proactive, data-driven law enforcement, which will drive a shift towards applied intelligence-led policing defined by enhancements in decision-making and operational agility. Our platform's intelligent digital investigator, real-time threat detection, and predictive analytics capabilities empower officers to anticipate and respond to challenges with unprecedented speed and precision. Together, we are shaping a future where cities are not only smarter, but fundamentally safer.' This strategic alliance supports the transformation of public safety infrastructure, enabling enhanced decision-making and streamlined emergency response. The joint efforts will also explore innovative models to modernise law enforcement practices, emphasising ethical AI usage and data-driven policing. The partnership is a significant step forward in realizing Abu Dhabi's vision of a future-ready, AI-enabled smart nation, reinforcing its position as a global leader in technology adoption and urban safety.
Zawya
24 minutes ago
- Zawya
Dubai's financial centre registrations rise 32% in first half
DUBAI - The Dubai International Financial Center (DIFC) said Monday that company registrations grew 32% in the first half of the year as the financial hub welcomed 1,081 new companies, including asset management firms, hedge funds and family offices. The DIFC said in a statement that the total number of active companies at the Gulf's largest financial hub sat at 7,700 as of the end of June, up 25% from a year earlier. As Gulf countries diversify their economies away from oil, betting on sectors like financial services, hubs like DIFC have been attracting an increasing number of firms in recent years, lured by lower taxes, ease and clarity of regulations and the presence of some of the world's biggest sovereign wealth funds. The number of hedge funds in DIFC grew by 72% to reach a total of 85 at the end of the first half. New entrants included RV Capital and Silver Point Capital, which joined some of the industry's largest names that had already set up base in Dubai, such as Millenium and Point72. The hub also reported a 19% increase in wealth management firms and a 73% jump in entities associated with family businesses as Dubai continues to attract private wealth. The United Arab Emirates is on track to welcome nearly 10,000 high-net-worth individuals this year, more than any other country in the world, according to wealth migration consultancy Henley and Partners. (Reporting by Luke Tyson; Editing by Toby Chopra)
Zawya
24 minutes ago
- Zawya
UAE: Apex Investment records higher profits at $19.48mln in H1-25
Abu Dhabi – Apex Investment Company logged net profits after tax amounting to AED 71.59 million in the first half (H1) of 2025, compared to AED 23.01 million in H1-24. The ADX-listed firm posted revenues worth AED 399.86 million as of 30 June 2025, an annual plunge from AED 425.23 million, according to the financial results. Basic earnings per share (EPS) grew to AED 0.020 in H1-25 from AED 0.006 during the same period in 2024. Financials for Q2 In the second quarter (Q2) of 2025, the company's net profits hiked to AED 97.19 million from AED 18.74 million a year earlier, while the revenues shrank to AED 203.45 million from AED 229.91 million. The basic EPS stood at AED 0.027 in the three-month period that ended on 30 June 2025, up from AED 0.005 in Q2-24. As of 31 March 2025, Apex Investment turned to net losses valued at AED 25.59 million, against net profits worth AED 4.27 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
