Shapoorji Pallonji completes Imperial Avenue in Downtown Dubai
By
With the Building Completion Certificate in hand from RERA, the firm said it is currently welcoming homeowners for property inspections and handovers
India-based real estate and construction firm Shapoorji Pallonji has completed its inaugural international residential development, Imperial Avenue, in Downtown Dubai. The milestone is said to mark a new chapter in the group's global expansion journey.
Rising 45 storeys, Imperial Avenue offers panoramic views of the Burj Khalifa and the Dubai Canal. The lobby spans 10,000sqft, while the property boasts amenities, including infinity pools, a fitness centre, and recreational areas. Sustainability features such as solar panels and grey water treatment are integrated into the design. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is welcoming homeowners for property inspections and handovers, the firm said.
Backed by investments of US $381mn, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, this project is a bold move that further solidifies Dubai's reputation as a strategic market for international developers. With sales projected to reach $544.5mn, this represents a significant milestone for the group.
Cyrus Engineer, SP 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. Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise.'
Aligning its expansion strategy with the global epicentre of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has invested its legacy in Dubai's real estate markets.
The project, which caters to buyers from over 60 nationalities, offers a selection of one-to-five bedroom apartments, penthouses, and podium villas with private pools. These homes are designed to meet the growing demand for larger, high-end living spaces with smart integrations and a hotel-like lifestyle, the statement concluded.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
9 minutes ago
- Al Etihad
Stocks surge, euro steady after US-EU trade agreement
28 July 2025 10:12 SINGAPORE (REUTERS)Global stocks rose and the euro appreciated on Monday after a trade agreement between the United States and the European Union lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of US struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods - half the threatened rate, a week after agreeing to a similar trade deal with are scrambling to finalise trade deals ahead of an August 1 deadline set by US President Donald Trump, with talks between the US and China set for Monday in Stockholm amid expectations of another 90-day extension to the truce between the world's top two futures surged more than 1%, while S&P 500 futures rose 0.5% and Nasdaq futures advanced 0.6%.The euro strengthened across the board, rising against the dollar, sterling and broadest index of Asia-Pacific shares outside Japan was up 0.32%, just shy of the almost four-year high it touched last week. Japan's Nikkei fell 1% after hitting a one-year high last the baseline 15% tariff will still be seen by many in Europe as too high, compared with Europe's initial hopes to secure a zero-for-zero tariff deal, it is better than the threatened 30% US-EU deal provides clarity to companies and averts a bigger trade war between the two allies that account for almost a third of global trade."A major tail-risk has now been defused," said Marc Velan, head of investments at Lucerne Asset Management in Singapore."Markets are interpreting this as a sign of stability and predictability returning to trade policy," he for China's blue-chip stocks petered out towards the midday Australian dollar, often seen as a proxy for risk appetite, was at $0.657, hovering around the near eight-month peak scaled last commodities, oil prices rose after the US-EU trade agreement. Brent crude futures and U.S. West Texas Intermediate crude both rose 0.5%. Gold prices fell on Monday to their lowest in nearly two weeks on reduced appetite for safe havens.
Zawya
39 minutes ago
- Zawya
Fed rates are going nowhere fast: Mike Dolan
(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON - Incoming U.S. inflation signals are offering the Federal Reserve little or no justification to resume interest rate cuts, and it's hard to see that changing before September. Following an unscheduled visit to the Fed last week, President Donald Trump said he thinks the Fed may be ready to lower rates again. To be sure, at least two of his appointees to the Fed board - Christopher Waller and Michelle Bowman - have indicated they might vote for a cut as soon as this week. But they may be alone. Markets certainly remain unconvinced. Futures pricing shows virtually zero chance of a move on Wednesday and only a 70% chance of a cut at the following meeting in September. Markets now even doubt we'll see two rate cuts this year - the median of Fed policymakers' forecasts published just last month. While some clarity on the uncertain trade picture should emerge from this Friday's deadline, the effective overall import tariff rate is still set to be almost 20% higher than at the start of the year. And the impact from that may take months yet to filter through. But there are enough other signals that higher import levies and a weaker dollar are already irking the U.S. price picture, at least enough to keep the Fed wary. As it stands, inflation remains well above the 2% target, and long-term market inflation expectations, now the highest of any G7 country, are above target too and creeping up. The Fed's favored inflation gauge, from the personal consumption expenditures basket, is due for release on Friday, and the annual core rate excluding food and energy is expected to be 2.7% - the same as last month. Consumer price inflation data for the month that has already been released shows pockets of price pressure in key areas affected by the limited tariffs enacted so far. Producer price data was more subdued, but that series doesn't include imported goods. Moreover, manufacturing firms last week continued to show outsized gains in input prices in July. S&P Global's monthly survey of purchasing managers registered an input price reading of 64.6, still far above the 50 threshold between expansion and contraction. Unlike the PPI, that captures imported inputs. By contrast, European manufacturers registered an equivalent input price reading of 49.9. EARNINGS NOISE Tariff-related readouts from the roughly one-fifth of S&P 500 companies that have reported second-quarter updates have been noisier. But economists warn that two aspects of the earnings season could potentially be disguising the tariff impact. The first is significant front-loading of imports in the first quarter to beat the tariffs, the enormous scale of which led to a small GDP contraction in the first three months of 2025. As that tariff-free inventory is run down, costs should rise as tariffs begin to hit. The hiatus may have allowed many firms to keep prices steady or avoid taking significant margin hits through the second quarter. The second aspect economists warn about is the degree to which major companies may want to avoid any public statements on negative tariff hits or any pass-through to consumers due to fears of political backlash. All of which leaves a foggy inflation picture going forward and one unlikely to be clarified much by September. MANDATE To be sure, the Fed has a dual mandate, which includes both keeping prices stable and maintaining maximum employment, and one argument, from Waller at least, is that the labor market is showing signs of softening. And yet employment reports out this week are unlikely to offer much support on that front either, with recent weekly jobless claims data painting a robust picture. While monthly payroll growth is expected to slow in July, the unemployment rate is set to remain near historic lows at about 4.2%, with annual wage growth one percentage point above core PCE inflation. What's more, second-quarter U.S. GDP updates this week are also expected to confirm a brisk bounce-back in overall economic growth to 2.4% after the trade-distorted first-quarter hiccup. Lazard chief market strategist Ron Temple reckons the Fed won't cut at all this year, just like seven Fed policymakers indicated last month. "My logic is that inflation is likely to re-accelerate meaningfully by year-end due to tariffs," he wrote on Friday. "Thereafter, stricter immigration enforcement is likely to create another inflationary force," he said, adding that rising deportations of workers could push up wage inflation, keep unemployment stable, and cause GDP to slow. "That is not a scenario that argues for Fed rate cuts." If the Fed does signal it's ready to ease again, it may struggle to make a cogent case for why it is doing so. The opinions expressed here are those of the author, a columnist for Reuters -- Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn. Plus, sign up for my weekday newsletter, Morning Bid U.S. (by Mike Dolan; editing by Rod Nickel)
Zawya
39 minutes ago
- Zawya
FTA with Oman almost finalised: Indian Minister
India's trade talks are in a 'very advanced' stage with the US, Oman, and the European Union, the country's Commerce and Industry Minister Piyush Goyal said on Saturday. Addressing reporters on Saturday, the minister said that the FTA with Oman is 'almost finalised', while negotiations with the EU and the US are 'making fast progress'. According to details on the Indian Embassy website, Indian The economic and commercial relations between India and Oman are robust and buoyant. Bilateral trade during FY 2023-24 reached US$8.947 billion and and for the FY 2024-25 reached US$10.613 billion. Numerous joint ventures have been established both in India and Oman. There are over 6,000 India-Oman joint ventures in Oman with an estimated investment of over US$776 million. Indian companies are investors in Oman, particularly at Sohar and Salalah Free Zones. The cumulative FDI equity inflow from Oman to India during April 2000 to March 2025 is US$605.57 million. Oman is India's 28th largest trading partner in FY 2024-2025, with total trade of US$10.61 billion, while India is Oman's third-largest non-oil export partner and fourth-largest in terms of imports. The main items of India's exports to Oman during the calendar year 2024 were light oils and preparations; Aluminium oxide other than artificial corundum; Rice; Boilers, machinery and mechanical appliances, parts thereof; Aeroplanes and Other aircraft and spacecraft; Electrical machinery and equipment and parts thereof; Other beauty / make up preparations; Plastic and articles thereof; Iron and Steel; Ceramic products, etc. The main items of India's imports from Oman during the calendar year 2024 were Petroleum oil crude; Liquefied Natural Gas; Urea, including fertilizer grade; Organic chemicals; Anhydrous ammonia; Sulphur, Earth and Stone, Plastering Materials, Lime; Plastic in primary forms. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
