St Regis Residences, Dubai sales generate Dh1b in revenue

St Regis Residences, Dubai sales generate Dh1b in revenue

70% of units sold out in first hour of launch

The 232 homes in St. Regis Residences, Financial Centre Road, Dubai range from 1, 2, 4, 5- bedroom to penthouses. - Supplied photo

Published: Fri 10 Mar 2023, 3:29 PM

A whopping 70 per cent of units at the ultra-luxury St. Regis Residences on Financial Centre Road in Dubai sold out in the first hour of their launch, with sales valued at over Dh1 billion.

St. Regis Residences is the latest branded residential tower to be launched in the city. Located in the heart of Downtown, it is set for completion in 2025.

In a market buoyed by the luxury segment, with no signs of a slow-down, demand for the project was immense. “Based on the outstanding sales at the launch, it is safe to say that St. Regis Residences, Finacial Centre Road was tailor-made to fit the requirements of a modern, affluent customer. It was our pleasure to see the industry come together around such a fantastic project,” said Abdullah Alajaji, Founder and CEO of Driven Properties, the exclusive broker for the project.

The newest property to join the St. Regis residential portfolio, the 232 homes in St. Regis Residences, Financial Centre Road, Dubai range