Indias Shapoorji Pallonji will enter the UAE real estate sector as a developer with its first project – Imperial Avenue, a collection of luxury homes in Downtown Dubai.
Better known as a construction contractor, the company has been associated with the UAE property sector indirectly for over 40 years. With this project, its international unit SP International Property Developers is set to establish itself as an independent developer.
A 45-storey residential tower, Imperial Avenue boasts 424 apartments and five levels of parking.
Imperial Avenue features one-, two-, three- and four-bedroom apartments as well as four- and five-bedroom penthouses, three-bedroom villas and four- and five-bedroom villas with private pools at the podium level.
It has a set of premium, luxury apartments from the 26th level onwards.