CTBUH Global News

Developer Appoints Sales Agent for Dubai Residential Tower as Construction Progresses

Dubai, United Arab Emirates – 22 January 2018



Sweid & Sweid has appointed Core Savills as the lead sales agent for the $163 million Banyan Tree Residences – Hillside Dubai.

As the first project in the Banyan Tree Residences collection to be built in the Middle East, the 32-story, single-tower development includes 244 units of one-, two-, three- and four-bedroom apartments, duplex apartments with private outdoor gardens, and three full-floor penthouses. The tower is located within a 10,219-square-meter gated community.

Construction of the high-rise tower has now reached the fourth floor and is on track for a 2019 completion, according to a statement. Once completed, the tower will comprise 53,000 square meters of space.

Maher Sweid, managing partner of Sweid & Sweid, said, “We are excited to launch the sales process next month and offer the market an opportunity to participate in this urban residential oasis.”

The sales center will officially open in February and an on-site show apartment will be completed soon.

Amenities include cantilevered swimming pools, private outdoor gardens, and residents-only clubhouse and Spa.

Sweid & Sweid awarded a $68 million contract last month to Civilco Civil Engineering & Contracting Company for the Banyan Tree Residences.

For more on this story, go to Construction Week.

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