Real Estate
Dubai Luxury Project Targets Asian HNWIs
Pearl Dubai, the luxury real estate developer, has partnered with
Singapore Sotheby's International Realty to market its luxury
office network in Asia to high net worth individuals.
Dubai Pearl, the 20 million square foot destination
overlooking the Palm Jumeirah island in the UAE, will be
featured in a roadshow that will span 35 countries through
Sotheby's network.
In a statement, the company said the establishment is set to
become a 24-hour living city boasting a spectrum of commercial,
retail, residential, hospitality and leisure components. It will
feature the likes of the Bellagio Residences, the Baccarat and
MGM Grand Hotels, and even a 2000-seater theatre.
"This strategic alliance will significantly benefit both
partners," said
Santhosh Joseph, the chief executive officer and president of
Pearl Dubai.
"While Sotheby’s International Realty is renowned as an exclusive
entity with access to high-profile clientele in various markets,
Dubai Pearl promises to be an attractive destination that will
appeal to this exclusive set of potential customers."
Dubai Pearl, which is set for completion in 2013, is owned by a
consortium of investors led by the multi-billion dollar Abu
Dhabi-based
Al Fahim Group.
The Asian roadshow commences this month (March 2010).