70% of Dubai's luxury Sparkle Towers sold ahead of handover
265 apartments in Sparkle Towers, a residential project being built in Dubai Marina in a deal with crystal giant Swarovski, have been sold so far
More than 70 percent of Sparkle Towers, a luxury residential project being built in Dubai Marina in a deal with crystal giant Swarovski, have been sold as developer Tebyan prepares for handover.
Dubai-based Tebyan said it has sold a total of 265 apartments so far with just over 100 still available.
"The profile of our investors and end users has been incredibly diverse, coming from as far afield as Sweden, Russia, US, South Africa, Italy and the UK as well as Saudi Arabia and the UAE,” said Mohamed Faraj, managing director, Tebyan Real Estate Development.
Located on one of the last remaining plots in Dubai Marina, the project is a twin-tower development consisting of 29 and 14 storeys respectively and connected by a four-floor residential podium.
The towers are made up of 373 luxury studio, one-, two- and three-bedroom apartments as well as two penthouses, a host of amenities and a range of retail units.
The architecture of the two interconnected towers is enhanced by 1,700 exterior lights that fade in and out, echoing the brilliance of its Swarovski-studded interiors.
In addition to a bejeweled lobby the residences are also accented by crystal-encrusted signage and door numbers.
Residents of the development will be greeted by a marble entrance and a crystal decorated lobby and common areas thanks to the use of thousands of Swarovski crystals.
Other amenities include a fitness centre and spa, temperature-controlled swimming pools, separate men’s and women’s Jacuzzi and sauna as well as a dedicated residents’ lounge.
Sean McCauley, CEO of Dubai-based property development consultancy Devmark, which is providing strategic advisory as well as managing sales and marketing for Sparkle Towers said:
“Even though prices in the Dubai real estate market have been soft of late, demand for Sparkle Towers has been very healthy.
“Market-savvy buyers will have realised that this project will provide a sound return-on-investment.”
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