Following the success achieved with the launch of the Al-Seef Tower on the Dubai Marina development, Deyaar – formerly known as Global Real Estate Development Company, the real estate arm of the Dubai Islamic Bank (DIB) – has launched two new projects in Dubai.
The Seef II and Seef III towers, comprising of over 350 units, will be located at the Jumeirah Lake Towers development, as freehold developments. The exclusive new towers comprise an eclectic mix of residential and retail outlets, says Zack Shahin, CEO of Deyaar.
The Dh550 million ($150.27 million) waterfront Seef II and Seef III Towers, with 39 and 34 floors of two- and three-bed apartments respectively, combined with luxurious penthouses, were designed by DAR Consult. The apartments range in size from 1,600 to over 2,700 sq ft, while the penthouses spread over 5,200 sq ft each – larger than most villas.
The towers have a three-level basement parking facility, ample for every apartment, in addition to extensive retail facilities located at its base and an ultra modern health club, covering an entire floor right on top. The high-rises lie close to other signature developments namely the Jumeirah Palm, Emirates Golf Course, the Gardens Mall, The Mall of the Emirates as well as the three main business hubs in Dubai, those being the Dubai Internet City, the Dubai Media City and the Jebel Ali Free Zone.