Latest news with #ImperialAvenue
Mid East Info
15-07-2025
- Business
- Mid East Info
Shapoorji Pallonji brings 158 years of luxury real estate expertise to the UAE - Middle East Business News and Information
Receives the Building Completion Certificate from Dubai's Real Estate Regulatory Authority for its maiden venture – Imperial Avenue in Downtown Dubai July 15th, 2025 – In a historic milestone, Shapoorji Pallonji, India's 158-year-old real estate and construction giant, has officially completed its first-ever international and finest residential development, Imperial Avenue, in Downtown Dubai, marking a bold new chapter in the group's global expansion journey. Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000 square foot grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Backed by AED 1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers. Announcing the completion, Mr. Cyrus Engineer – SP International Property Developers, said: 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address.' Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has confidently invested its legacy in Dubai's future-ready real estate markets. 'Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise.' Mr. Cyrus Engineer added. Attracting buyers from over 60 nationalities, the project offers a curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas with private pools, designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately AED 2 billion, this venture marks a significant milestone. As the group enters the international markets, this venture is a symbol of Shapoorji Pallonji's transformation into a global luxury developer, cementing its position in Dubai's real estate renaissance.
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Arabian Post
15-07-2025
- Business
- Arabian Post
Shapoorji Pallonji Unveils Dubai Residential Flagship
Shapoorji Pallonji has inaugurated its maiden international residential project, Imperial Avenue, in Downtown Dubai, solidifying its presence in the competitive global luxury real estate market. The completion of the 45-storey tower, a prominent addition to Dubai's skyline, signals the formal entry of the 158-year-old construction conglomerate into the high-end overseas property development sector. With the Building Completion Certificate granted by Dubai's Real Estate Regulatory Authority, the company has commenced homeowner walkthroughs and handovers, marking the transition from development to occupancy. The milestone project stands at the heart of Dubai's bustling downtown corridor, flanked by the iconic Burj Khalifa and the Dubai Canal, and has been positioned as a flagship offering in Shapoorji Pallonji's expanding international real estate portfolio. Imperial Avenue combines architectural ambition with opulence and sustainability. The structure rises to 45 levels, offering a mix of one to five-bedroom apartments and exclusive penthouses. Its 10,000 square foot grand entrance lobby sets the tone for the overall aesthetic—modern, elegant, and designed to global standards. A defining element of the project is its integration of eco-conscious technology, featuring solar energy panels and a grey water recycling system aimed at reducing the building's environmental footprint. ADVERTISEMENT Beyond sustainability, the development delivers amenities on par with international luxury benchmarks. Residents will have access to infinity pools with cityscape views, a fully equipped fitness centre, indoor and outdoor recreational zones, and high-end concierge services. The interiors are marked by premium finishes and expansive layouts, tailored to appeal to affluent global buyers as well as Gulf-based investors seeking long-term value in Dubai's resilient real estate sector. This debut is not just a statement of global intent but also a timely move in light of Dubai's property market momentum. The emirate has witnessed sustained demand across the luxury segment, supported by strategic visa reforms, steady economic performance, and a diversified buyer base spanning Europe, the Middle East, and Asia. The launch of Imperial Avenue reinforces confidence in off-plan and high-rise residential projects, particularly those located within the central business and lifestyle zones of Dubai. Shapoorji Pallonji's foray into the UAE residential market also reflects a broader trend of legacy infrastructure and construction firms diversifying into property development beyond national borders. Having built some of the subcontinent's most iconic structures and holding a deep legacy in infrastructure, the group now joins a growing cohort of Asian developers setting their sights on the Gulf. The execution of Imperial Avenue comes amid a larger pivot within Shapoorji Pallonji's business strategy, which has focused on restructuring core operations and expanding its real estate footprint in overseas markets. Dubai was identified as a strategic first choice for its investor-friendly regulatory landscape, strong construction ecosystem, and status as a global hub. This development's delivery, in line with the projected timeline and in compliance with regulatory mandates, also underscores the group's project management capabilities in a region with exacting standards and competitive timelines. Homeowners who invested in the project during its pre-construction and early launch phases are now undergoing scheduled inspections as part of the final handover process. Industry analysts have noted that Imperial Avenue's market entry could further catalyse interest from South Asian buyers looking for luxury residences abroad, especially in markets that offer both lifestyle advantages and long-term returns. With Dubai continuing to see upward pressure on luxury apartment prices, projects like Imperial Avenue are poised to draw both end-users and yield-focused investors. While this is the group's first major residential delivery outside its home country, its leadership has indicated that Imperial Avenue is part of a larger vision for international expansion. There are plans underway to explore residential and mixed-use developments in other Gulf Cooperation Council states, as well as in select cities across Southeast Asia and Africa, where urbanisation and demand for high-quality housing are on the rise.
Web Release
14-07-2025
- Business
- Web Release
Shapoorji Pallonji brings 158 years of luxury real estate expertise to the UAE
In a historic milestone, Shapoorji Pallonji, India's 158-year-old real estate and construction giant, has officially completed its first-ever international and finest residential development, Imperial Avenue, in Downtown Dubai, marking a bold new chapter in the group's global expansion journey. Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000 square foot grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Backed by AED 1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers. Announcing the completion, Mr. Cyrus Engineer – SP International Property Developers, said: 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address.' Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has confidently invested its legacy in Dubai's future-ready real estate markets. 'Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise.' Mr. Cyrus Engineer added. Attracting buyers from over 60 nationalities, the project offers a curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas with private pools, designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately AED 2 billion, this venture marks a significant milestone. As the group enters the international markets, this venture is a symbol of Shapoorji Pallonji's transformation into a global luxury developer, cementing its position in Dubai's real estate renaissance.
The Sun
27-05-2025
- General
- The Sun
Blaze erupts at ‘retirement property' with smoke billowing into sky as firefighters rush to 4-storey block of flats
FIREFIGHTERS from at least six stations are tackling a blaze at a 'retirement property' in Essex. The fire crews are tackling a large fire in the roof of the four storey Westcliff property. 2 2 Witnesses have said that the flames are visible through the roof of the property on Imperial Avenue. Video footage of the fire shows billowing smoke, as well as tall flames coming from the building. A spokesperson for Essex County Fire and Rescue Service said: "Firefighters have been called to a fire in the roof of a four storey block of flats in Westcliff." The fire was reported at 12.12pm and is still being tackled, with an update at 1:25pm asking residents to close their doors and windows due to the smoke. A tweet about the incident reads: "Huge fire in Imperial Avenue. Multiple fire engines, ambulances and police dash to scene." Crews from Basildon, Canvey, Chelmsford, Corringham, Orsett and Southend fire stations are attending.
