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.