A partnership deal for Ellington’s Palm Jumeirah Residential development in Dubai has been sealed. The was signed between Dubai’s leading, real estate developer, Ellington properties, and Shuaa Capital.
In addition to Shujaa Capital, Ellington properties through its real estate development arm Northacre, has partnered with other companies for the development of the residence. These companies include the UAE-based Bhatia Group and Sol Properties. Additionally, Bjarke Ingels Group (BIG), was appointed to carry out the project’s design.
Jassim Alseddiqi, Chairman of Northacre explained that the company is excited to embark on the partnership. On the other hand, Fawad Tariq Khan, the Group CEO of Shuaa Capital, expressed that the project’s partnership consistently aligns with its successful investment strategy within the real estate market.
Features and amenities of Ellington’s Palm Jumeirah Residential development
The new residential project will feature nine residential floors with a total of 88 units that range from two to six-bedroom apartments as well as duplexes. Overall, the project’s design aims to offer stunning homes within a prime location throughout the region.
Alseddiqi said that the project will create contemporary luxury spaces that offer healthy, living, and wellness experiences. Furthermore, he said the project’s development will receive meticulous attention and exhibit a passion for craftsmanship.
Ellington’s Palm Jumeirah Residential development project will serve as a reflection of the developer’s signature design-led approach. Moreover, the project will be the developer’s third development in Palm Jumeirah.
It will include exceptional resort-like amenities that will curate high-quality lifestyle experiences. A statement from Ellington Properties’ also revealed that the project will also feature exquisite facilities.