Saeed Tarrad Development, a Dubai-based real estate developer, announced the launch of the Mackerel Tower, their latest pioneering project, to set a new standard for luxury living style. The project, in the Dubai Islands, will be built strategically in one of Dubai’s most attractive destinations for real estate investment.
600-meter indoor jogging track
Mackerel offers a wide and unique range as it is the first project in Dubai to include a 600-meter indoor jogging track in addition to various luxury services and facilities, such as health clubs, swimming pools and children’s play areas.
Ninety percent of the units in Mackerel, which enjoys panoramic views of the Arabian Gulf, were sold out shortly after its launch, as the Dubai Islands area is an attractive destination for housing and investment, in addition to the high demand for the area.
The project consists of 64 units with a variety of options including one- and two-bedroom apartments, in addition to exclusive luxury penthouses.
Each apartment has been carefully designed to provide panoramic views of the city’s distinctive skyline, with competitive prices starting from Dhs 2,000 per square foot.
“We are pleased to launch our distinctive project, Mackerel Tower, in a strategic move aimed at capitalizing on the increasing demand for real estate investment in Dubai, specifically in luxury coastal areas such as the Dubai Islands,” said Saeed Tarrad, CEO of Tarrad Development.
Growing Dubai real estate market
He explained that the implementation of the project comes in line with the significant growth achieved by the real estate market in Dubai, which has strengthened the emirate’s position as a major investment destination, as real estate sales in Dubai have grown by 33% since the beginning of the year until November, exceeding Dhs 437 billion. He noted that Dubai has been able to attract major investors from around the world, thanks to policies that facilitate the process of purchasing real estate for international investors, in addition to the highest investment returns globally, along with residency visa programs linked to real estate investment.
“The Mackerel Tower confirms our commitment to innovation, quality and achieving customer satisfaction, and enhancing the quality of life by creating exceptional spaces for living and relaxation to keep pace with the Dubai urban renaissance,” Tarrad added.
tanvir@dubainewsweek.com
