$163m Banyan Tree residences coming to Dubai

Singapore hotel operator Banyan Tree has announced a partnership with UAE developer Sweid & Sweid to launch its first Middle East branded residences in Dubai.

The Dhs600m ($163.3m) project will comprise a 32-storey tower with resort-style amenities including a clubhouse and spa.

It will include 244 residences spread between one-, two-, three- and four-bedroom apartments, duplex apartments with outdoor gardens and three full-floor penthouses with large terraces and swimming pools.

Interior fixtures will come from Grohe and Villeroy, with Boch sanitary ware, Zebrano wood detailing in the kitchen and Siemens and Smeg appliances.

The tower will be located on a large island where the Montgomerie Golf Course, the Emirates Golf Course and Emirates Hills intersect spanning 110,00 square feet.

Facilities will include a residents-only clubhouse and fitness centre, a spa, squash court, children’s’ play area, 31m pool, a pool-side café, green spaces and concierge service.

Construction began this year and the project is scheduled to be completed in the third quarter of 2019. Sales will begin in the first quarter of next year.

“This is our first entry into the emerging branded residence space in the Middle East. Our offering is truly unique in that we are giving our end users the experience of a luxury retreat that they would expect from our hotels and resorts, however, there is no end to the holiday. This will be their home,” said Banyan Tree Holdings executive chairman Ho Kwon Ping.

Branded residences have proven an attractive prospect for luxury brands and hotels in Dubai in recent years.

In December, luxury Italian brand Bulgari will open a resort and residences complex on an exclusive seahorse-shaped island location off of Jumeirah Road.

Read: Dubai’s ‘most expensive’ hotel to open in December