Bollywood star Shah Rukh Khan on Wednesday launched the AED 2.3 billion development, The Royal Estates, at a glamorous event at Madinat Jumeirah. The development, which is a joint venture between real estate enterprises Aristocrat Real Estate Development, PAL Development and Pacific Ventures, sports the architectural brilliance of celebrity architect Tony Ashai and aesthetic splendor by celebrated interior designer Gauri Khan.
Dubai’s own celebrity host Nitin Mirani was the MC for the star-studded evening that witnessed a stellar entertainment line up. Shah Rukh Khan, Osman Valli of Aristocrat Star Real Estate Development, Atiq Merchant of PAL Developments, Parvez Khan of Pacific Ventures and Tony Ashai addressed the elite attendees at the event. Brand ambassadors of Pacific Ventures, Sohail Khan and Uma Deshpande also interacted with the high-profile guests.
Omar Al Mesmar, Director-General of Dubai Investments Park, a member of Dubai Investment, in a press conference, said that there are plan 12 hotels and hotel apartment buildings under construction for opening in the next two years as part of the Park’s projects ahead of the Expo 2020 global trade fair.
The Royal Estates located in Dubai Investment Park next to the iconic Expo 2020 features two, four and five bedroom townhouses, apartments, office units, retail outlets and a luxury hotel spread over 2 million square feet.
“Everyone’s story begins in their home and no home is less than a kingdom for its residents. Three renowned and experience organizations Aristocrat, Pal and Pacific Ventures have partnered to develop and present Royal Estates which ensures uncompromised comfort, elegance, safety and a state of the art landscaped serenity that weaves a stellar community. I am delighted to be associated with this project”, commented Shah Rukh Khan.
“The residential sector in Dubai’s real estate market has been witnessing a healthy demand from investors. The Royal Estates is a compelling investment opportunity for investors in this market and a top of the line partnership lends uncompromised quality, sophistication and sensibility to this development”, said Osman Valli, Chairman, Aristocrat Star Real Estate Development.
“The Royal Estates will be a project that stands apart in unique ways while being in sync with the exuberant and imperial pulse of Dubai’s landscape. It promises to be a lucrative combination of investment, residential and commercial haven”, said Atiq Merchant, Director, PAL Developments.
“The Royal Estates is not just a development it is a lifestyle offering. The project was steered with a focus on achieving a new level of excellence. The collaboration with PAL Developments, Aristocrat Star Real Estate Development, Tony Ashai and Gauri Khan, their proficient skills and experience, has led this ambitious project to fruition”, said Parvez Khan, Chairman, Pacific Ventures.
“Dubai is an energetic city with a regal touch. The city inspires elegance and stylized sophistication is the norm. The real estate market is enjoying the returning positivity and during this time home and business owners as well as investors want to enjoy the plush vibe of this city. This has been diligently taken into consideration while designing this project to weave an exotic blend of homely comfort and luxury”, said Tony Ashai, celebrity architect.
Source : WAM News Agency for United Arab Emirates
