Nabni Developments has introduced its latest architectural masterpiece, Avenue Residence 5, a groundbreaking addition to the Al Furjan Area in Dubai.
The prestigious development marks a historic moment as it brings luxury penthouses to Al Furjan for the first time, with only four exclusive units available, each offering a panoramic 270-degree view, luxurious double-height spaces and above-average unit sizes for the area.
Avenue Residence 5, with its 85 residential units comprising 1, 2, and 3-bedroom apartments, stands as an iconic residential building. Its strategic location just steps away from the Al Furjan metro station ensures convenience and accessibility for residents.
Notably, the project has already garnered significant attention, with an impressive 30% of the units sold within the first day of its launch. Anticipating continued success, Nabni Developments aims to sell the entire project within the next 10 days, setting the stage for the imminent arrival of Avenue Residence 6.
Luxury penthouses in Al Furjan Area
Speaking on this milestone, Mr. Khalid Al Jaziri – Chief Commercial Officer of Nabni Developments, said, “Avenue Residence 5 represents a unique blend of luxury, convenience, and strategic location. We are thrilled to bring the first luxury penthouses to the Al Furjan Area and have been overwhelmed by the response from both end-users and investors.
“Avenue Residence 5 is a testament to our dedication to redefining luxury living in Al Furjan and across Dubai. Our commitment to quality and innovation shines through in every aspect of this project, from its prime location to its carefully designed units and world-class amenities. We believe Avenue Residence 5 will set a new standard of excellence in the real estate market, and we are proud to share this masterpiece with our valued clients,” Al Jaziri added.
The Avenue Residence 5 project is also emblematic of Nabni Developments’ international expansion ambitions. While currently focused on the burgeoning demand for residential buildings in Dubai, the company is actively exploring opportunities to expand its projects globally.
Avenue Residence 5
A key demographic of Avenue Residence 5 buyers includes families, investors, and individuals seeking a luxurious lifestyle, particularly those relocating to the UAE for the first time. The diverse nationalities of buyers reflect the international appeal of this development, with a notable presence of South East Asians, Indians, Pakistanis, Emiratis, and Arab nationals.
Nabni Developments, formerly known as Al Jaziri Developments, is offering a competitive payment plan to facilitate the investment process for prospective buyers. Additionally, Avenue Residence 5 boasts a range of amenities, including swimming pools tailored for both adults and children, a barbecue area, and a playground, ensuring a well-rounded and luxurious living experience.
The completion date for the Avenue Residence 5 project is slated for Q2, 2025. With its strategic location, unique offerings, and commitment to excellence, Avenue Residence 5 is poised to become a shining jewel in Al Furjan’s real estate landscape and a testament to Dubai’s ever-evolving luxury property market.
Dubai Real Estate
The Dubai real estate market stands as a vibrant and dynamic arena, continuously evolving to meet the demands of investors, residents, and businesses alike. With its iconic skyline and an array of architectural marvels, Dubai offers a diverse range of properties, from luxury penthouses in the heart of the city to serene waterfront villas along its picturesque coastlines.
tanvir@dubainewsweek.com
