UAE-based developer Sweid & Sweid has partnered with international hospitality brand Banyan Tree to develop the first Banyan Tree Residences in the Middle East.
Banyan Tree Residences, Hillside Dubai will be a 32 storey tower located on a large island site where DMCC, the Montgomerie Golf Course, The Emirates Golf Course and Emirates Hills intersect on Al Telal Street in Dubai.
The AED 600mn ($163mn) project will comprise 244 residences of one, two, three and four-bedroom apartments, duplex apartments with private outdoor gardens, and three full-floor penthouses crowning the building.
Construction of the project commenced at the start of 2017 and is due to complete around Q3 2019.
The official launch of sales is planned for Q1 of 2018, in conjunction with the completion of the on-site sales center and show apartment.
Interior finishes include 3.2m high ceilings, Grohe fixtures and Villeroy and Boch sanitary ware. Custom kitchens feature quartz and Zebrano wood detailing with Siemens and Smeg stainless steel appliances.
Ho Kwon Ping, executive chairman of Banyan Tree Holdings said: “This is our first entry into the emerging branded residence space in the Middle East. Our offering is truly unique in that we are giving our end users the experience of a luxury retreat that they would expect from our hotels and resorts, however, there is no end to the holiday. This will be their home.”
Maher Sweid, managing partner of Sweid & Sweid, said: “With over 2 years in design and development, we are excited to finally announce this landmark project and our partnership with Banyan Tree.
“In line with our corporate philosophy underpinned by the commitment to delivery, construction commenced far ahead of the public sales launch, which will give assurance to buyers about the timely delivery of the project. Interested buyers can go online and register to be the first to be invited to the launch of the sales center.”