Symbolic delivers maiden project ahead of schedule in Dubai
UAE - Symbolic Developments, a boutique and innovative real estate developer by the distinguished Speedex Group, has announced early completion and handover of its inaugural project, Symbolic Alpha in Dubai.
Delivered in just 14 months — well ahead of schedule from June 2025 - this milestone emphasises the company's commitment to efficiency, innovation, and premium quality in real estate development, it said.
The AED150 million ($40.84 million), Symbolic Alpha comprises 97 fully furnished, upscale apartments that blend modern living, sustainability, and comfort. Located in Liwan, Dubai and offering exclusively crafted 1 BHK and 2.5 BHK, the project has garnered overwhelming demand, attracting a diverse mix of UAE residents and international buyers, with a majority being families and end-users seeking high-quality, spacious homes.
The development features Vaastu-compliant layouts, smart home technology, and premium finishes enhancing residents' lifestyles.
"Completing our inaugural project, Symbolic Alpha, ahead of schedule marks a significant milestone for us. Transforming an idea into reality within just 14 months showcases our dedication to excellence, precise execution, and customer satisfaction. This achievement sets a strong foundation for future endeavors as we continue to develop high-quality residential spaces in Dubai's strategic locations, emphasizing sustainability, community living, and smart home features," said Murtaza Moiz, Vice Chairman of Symbolic Developments and Speedex Group.
"Following the early completion and handover of our maiden project in Liwan, our second venture, Symbolic Aura, is already sold out, with construction underway and on track for an early handover, reinforcing our reputation as a trusted developer delivering premium residential experiences in sought-after locations," Moiz said.
"Symbolic Alpha is more than just a real estate project—it marks the beginning of our journey to redefine premium sustainable living in Dubai. Every detail, from its architecture to its amenities, has been designed to enhance residents' lifestyles. The overwhelming response from buyers confirms that homeowners in Dubai seek thoughtfully designed, high-quality residences that offer both functionality and long-term value," said Karan Arora, Head of Sales and Marketing at Symbolic Developments.
Symbolic Alpha offers a temperature-controlled swimming pool, state-of-the-art fitness centre, jogging track & yoga garden, EV charging stations, energy-efficient features for a sustainable lifestyle and many other features.
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
3 days ago
- Gulf Today
Sharjah Islamic Bank strengthens global standing with successful pricing of $500 million perpetual sukuk
Sharjah Islamic Bank (SIB) has successfully priced US$ 500 million perpetual Additional Tier 1 sukuk with a fixed profit rate of 6.125 percent and a six-year non-call period, making a mark as the tightest set AT1 Issuance in 2025 globally. With a reset spread of 195.6 bps, the issuance also marks a reduction in the Spread achieved in 2019 by 125.7 bps. The issuance drew robust and was oversubscribed by more than 2.0x from a wide spectrum of investors across the GCC, Europe, and Asia, reflecting the high level of confidence the Bank enjoys among international financial institutions and investment funds. This transaction further demonstrates the Bank's strategic use of capital markets as an effective tool to support its growth trajectory and strengthen its capital base. Mohamed Abdalla, CEO of Sharjah Islamic Bank, commented, 'This latest sukuk issuance reflects the continued success of our strategy to leverage capital markets in supporting the SIB's financial position and long-term expansion. Since our first sukuk in 2006, we have built a solid track record as a trusted and consistent issuer in the global Islamic finance space. This marks our tenth sukuk issuance, reaffirming SIB's leadership in the international sukuk market.' The transaction attracted exceptional interest, far exceeding expectations, and securing demand from a highly diversified investor base. Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, added, 'The overwhelming interest from international investors in this issuance underscores growing trust in our performance, strategy, and future vision. The strong pricing outcome is a testament to SIB's position as a robust Islamic banking institution offering innovative, Sharia-compliant financial solutions and maintaining deep engagement with global investors.' This latest issuance builds on the Bank's successful track record in the sukuk space. In February 2025, SIB priced a US$500 million sukuk at a profit rate of 5.20 percent, representing a margin of 89.8 basis points over 5-year US Treasury notes. Despite market volatility, that deal attracted over US$1.7 billion in orders, more than 3.4 times the issuance size, with strong participation from investors across the Middle East, North Africa, Europe, and Asia. The joint lead managers and bookrunners for the issuance were: Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Kamco Invest, Mashreq Bank, and Standard Chartered Bank. This transaction forms part of a broader capital strategy aimed at strengthening SIB's capital structure, supporting business expansion across key markets while maintaining a commitment to financial governance, resilience, and sustainability. WAM
Sharjah 24
3 days ago
- Sharjah 24
SIB strengthens global standing, issues $500 M. Perpetual Sukuk
The issuance drew robust and was oversubscribed by more than 2.0x from a wide spectrum of investors across the GCC, Europe, and Asia, reflecting the high level of confidence the Bank enjoys among international financial institutions and investment funds. This transaction further demonstrates the Bank's strategic use of capital markets as an effective tool to support its growth trajectory and strengthen its capital base. His Excellency Mohamed Abdalla, CEO of Sharjah Islamic Bank, commented: This latest sukuk issuance reflects the continued success of our strategy to leverage capital markets in supporting the SIB's financial position and long-term expansion. Since our first sukuk in 2006, we have built a solid track record as a trusted and consistent issuer in the global Islamic finance space. This marks our tenth sukuk issuance, reaffirming SIB's leadership in the international sukuk market.' The transaction attracted exceptional interest, far exceeding expectations, and securing demand from a highly diversified investor base. His Excellency Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, added: 'The overwhelming interest from international investors in this issuance underscores growing trust in our performance, strategy, and future vision. The strong pricing outcome is a testament to SIB's position as a robust Islamic banking institution offering innovative, Sharia-compliant financial solutions and maintaining deep engagement with global investors.' This latest issuance builds on the Bank's successful track record in the sukuk space. In February 2025, SIB priced a USD 500 million sukuk at a profit rate of 5.20%, representing a margin of 89.8 basis points over 5-year US Treasury notes. Despite market volatility, that deal attracted over USD 1.7 billion in orders, more than 3.4 times the issuance size, with strong participation from investors across the Middle East, North Africa, Europe, and Asia. The joint lead managers and bookrunners for the issuance were: Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Kamco Invest, Mashreq Bank, and Standard Chartered Bank. This transaction forms part of a broader capital strategy aimed at strengthening SIB's capital structure, supporting business expansion across key markets while maintaining a commitment to financial governance, resilience, and sustainability.
Zawya
4 days ago
- Zawya
$57mln Symbolic Zen Residences focuses on mindful living
Dubai's Al Furjan neighbourhood will welcome a striking new residential development following the unveiling of Symbolic Zen Residences by Symbolic Developments. The AED210 million ($57.17 million) project blends modern luxury with the philosophy of mindful living, said the developer. This launch marks the developer's third project in Dubai and second within Al Furjan's master community. It follows the success of Symbolic Aura, which was sold out swiftly, and the ahead-of-schedule handover of its debut project Symbolic Alpha in Liwan which was delivered in just 14 months, it said. Symbolic Developments, the real estate division of the Speedex Group, focuses on community, well-being, and sustainability. Located along Al Asayel Street in Al Furjan, Symbolic Zen Residences features just 82 exclusive homes, offering 2.5-bedroom apartments and 3.5-bedroom garden residences. The homes are fully furnished, Vaastu-compliant and feature closed kitchen, en-suite bedrooms, panoramic balconies, and expansive 12-foot ceilings that flood the spaces with light and openness. Adding to the sense of serenity are French windows, private garden terraces, and a floor plan that maximizes ventilation and views - all part of what Symbolic calls their 'Zen Garden Residences' theme. 'At Symbolic, we don't just build structures - we craft spaces that resonate with the way people truly want to live,' says Murtaza Moiz, Vice Chairman of Symbolic Developments and Speedex Group. 'Each of our projects reflects our commitment to creating something genuinely meaningful places that promote well-being, foster a sense of belonging, and stand the test of time. Zen Residences brings that vision to life by offering not just luxury, but a lifestyle rooted in balance, comfort, and community. It's about building homes people are proud to return to every single day.' 'We've designed Symbolic Zen Residences to stand out not just in aesthetics, but in the experience it offers residents,' adds Karan Arora, Head of Sales and Marketing at Symbolic Developments. 'From 12-foot-high ceilings and panoramic balconies to a first habitable floor elevated 50 ft above ground, every element has been chosen to amplify comfort, privacy, and openness. It's a low-density community with just 82 homes each fully furnished, Vaastu-compliant, and equipped with smart home automation. Even the plot itself was carefully selected, a coveted corner plot with roads on three sides, offering unobstructed views and natural light from all angles. Emphasis on these minute details reflect how Symbolic Developments' commitment to redefining what premium city living can truly be." Symbolic Zen Residences is designed to be a wellness-focused sanctuary. The development includes temperature-controlled pools, a yoga and meditation deck, a jogging track, kids' play area, a jacuzzi, and steam and sauna rooms. Residents can enjoy peaceful areas to relax, recharge, or connect with neighbors fostering a welcoming and uplifting atmosphere. 'Sustainability is woven throughout the project. As part of Symbolic's broader commitment to green development, the residences include EV charging stations, smart energy solutions, and environmentally responsible materials; a forward-looking approach that aligns with the UAE's growing emphasis on sustainable living', affirmed Moiz. Located just 2 minutes away from Discovery Gardens Metro Station, the development offers seamless access to Dubai Marina, Downtown Dubai, DIFC, Expo City, and major airports — making it ideal for both families and professionals. Retail showrooms on the ground floor add convenience, while the elevated podium level ensures privacy and quiet above the bustle of the city. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
