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Banyan Tree Residences Sells Quickly In First Month On Market

The Middle East’s first Banyan Tree Residences has done around AED 100 million in sales in its first month on the market, according to developer Sweid & Sweid.

Due for handover in the third quarter of 2019, the 244-unit tower is located on Al Telal Street, at the intersection of Emirates Hills, Emirates Golf Course, Montgomerie Golf Course and DMCC.

Around 90% of the 110,000-square-foot site has been dedicated to resort-style amenities and lush landscaping, according to the developer.

The amenities include a clubhouse with Banyan Tree Spa, a fitness centre with saunas and squash court, an indoor children’s play area and a poolside cafe.

“The Banyan Tree Residences promises to be one of the most prestigious addresses in Dubai,” said Sweid & Sweid managing partner, Maher Sweid.

“Having all the leisure facilities and amenities in a setting that provides residents with rarely-found abundant green space, we are confident that tremendous value will be created for buyers and investors for the years to come.”

Prices start from AED1.49 million for a one-bedroom apartment, AED2.3 million for a two-bedroom unit and AED3.9 million for a three-bedroom residence.

“We’re seeing a lot of demand for larger units – especially the duplex apartments, which offer private gardens and double-storey living rooms, a unique aspect of the project,” said Sweid.