Vincitore enters Dubai’s booming realty market with world-class luxury apartments project
The 200,000-square-foot development, located at Arjan in Dubailand, is being built at the cost of $36.7 million with unit prices starting from $129,323. The project, which comprises 175 units divided into three types – spacious studio and elegant one- and two-bedroom apartments, is slated to be completed by May 2017.
“Bespoke design, unparalleled amenities and exquisite design are the hallmarks of Vincitore Palacio which aims to tap into Dubai’s 2.5 million population who are on the lookout for luxurious yet affordable homes in the emirate,” Vijay Doshi, founder and managing director of Vincitore Real Estate Development, told the Gulf News Journal.
Doshi added that according to the recent statistics released by the Dubai Land Department, nearly $30.7 billion worth of real estate deals were secured in the first six months of 2016, and the transaction volume increased by 22.8 percent year-on-year to reach 28,251 units. This suggests a boom in Dubai’s property sector and a perfect time for Vincitore to make its mark in the emirate’s real estate scene.
Once completed, Vincitore Palacio will boast top-notch amenities such as a sophisticated double-height lobby and ornamental facade, custom-designed elevators, a temperature controlled 60-foot swimming pool and a sunlit gymnasium with steam and sauna measuring over 3,000 square feet. It will also include a landscaped garden, built-in kitchen, fully fitted bathroom with meticulously selected accessories, water fountain, round-the-clock secured access with video intercom and concierge services, and a sun deck for each apartment.
Vincitore Palacio is also the first residential project in the region to be quality controlled by TUV Nord, the German-based technical service provider with worldwide activities. Quality control from TUV Nord, Doshi said, is an assurance of minimal risks and damages that can otherwise lead to unnecessary rework, delays in construction and subsequent operation, and increased cost.
“We all know that maintenance or safety issues can arise during the construction, handover, or over the years,” Doshi said. “In order to address and amend these issues at the earliest, we have collaborated with TUV Nord, ... The company will first assess each stage of construction to help us eliminate any defects such as water and fire proofing issues, drainage problems and foul smell which, if ignored, can cause major safety, environmental, health or financial complications.”
True to Vincitore Real Estate’s commitment to environmental sustainability, Vincitore Palacio will also feature water-efficient facilities to save up to 7.2 million gallons of water yearly, energy-saving LED lights, a central gas system and a temperature-controlled swimming pool with lounge chairs. A 20 percent saving in power consumption is expected with the energy-efficient system to be put in place.
“At a time when sustainability has become the buzzword, real estate companies are also implementing environmentally friendly solutions in their projects and contribute to lowering their carbon footprints,” Doshi said. “We take this as a tremendous responsibility to build all our projects in a sustainable manner to ensure we leave the planet healthy and green for the coming generations. Moreover, we abide by Dubai Government’s strategy to deploy energy-saving solutions in all new constructions.”