LMD Launches AED750m Residential Project at Dubai Maritime City
September 23, 2024
LMD has partnered with the National Bank of Fujairah to bring this ambitious project to life
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LMD Launches AED750m The Pier Residence in Dubai Maritime City
Overview of The Pier Residence
LMD, a well-known real estate developer with projects in Spain, Greece, and Egypt, has unveiled its latest development, The Pier Residence, in Dubai Maritime City. This new project involves an investment of AED750 million (around $204 million).
Key Features
Luxury Living
The Pier Residence will consist of 274 luxury residences with options for one-, two-, and three-bedroom apartments. Some units will even feature private pools. The project is set to be completed by Q2 2027.
Stunning Views and Prime Location
Residents can expect breathtaking views of the Arabian Gulf and the Downtown Dubai skyline. Its location offers easy access to important areas like Downtown Dubai and Jumeirah, making it perfect for those who value convenience.
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Amenities
The development will include a range of premium amenities, such as:
- State-of-the-art gym
- Padel court
- Jogging and walking tracks
- Luxurious residents’ lounge
- Children’s play area
Commitment to Quality
At the launch event, Hamad Al Abbar, Managing Partner of LMD, expressed excitement about The Pier Residence. He stated, “This project is crucial in supporting Dubai’s vision for the real estate sector and meets the rising demand for high-quality properties.”
Strategic Partnerships
LMD has teamed up with the National Bank of Fujairah to bring this project to life, showcasing a commitment to innovation in real estate. Additionally, Devmark, a leading sales and marketing consultancy, will serve as the exclusive sales partner for The Pier Residence.
Dubai’s Real Estate Market
Al Abbar highlighted Dubai Maritime City’s potential as a premier coastal destination, noting strong investment opportunities and favorable market conditions. He emphasized that Dubai’s real estate market is thriving, driven by increasing demand, economic recovery, and a growing influx of new residents and tourists.
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