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Tuesday, October 20, 2009

Tiara Residence

Tiara Residence and Anantara Resort, which was previously entitled 'Jewel of the Palm', is a beachfront community that will be located along the upper-right side (north-eastern side) of the trunk of the man-made Palm Jumeirah island. The AED 2.1 billion (US$ 572 million) development will consist of seven 15-storey low-rise buildings built in a V shape and themed after different gemstones (Emerald, Aquamarine, Ruby, Sapphire, Tanzanite, Amber and Diamond).Tiara ResidenceIt will occupy five of the seven buildings and each of the buildings will have 1 promenade level, 1 garden level, 1 deck level, 12 typical floors and a penthouse level. Each typical floor will contain two 1-bedroom, two 2-bedroom and two 3-bedroom apartments. The 1-bedroom apartments will range from 85 to 178 square meters (915 to 1,916 square feet), the 2-bedroom apartments will range from 159 to 229 square meters (1,711 to 2,465 square feet) and the 3-bedroom apartments will range from 212 to 228 square meters (2,282 to 2,454 square feet). Tiara Residence will contain a total of 644 one, two and three bedroom apartments and 14 penthouses.The Palm Anantara Hotel Resort & SpaTwo of the buildings will be occupied by the Anantara Resort Palm Jumeirah, a 244 room hotel with an additional 132 furnished apartments. The Anantara Spa is the focal point of the resort and will provide a full range of eastern and western treatments and therapies.Amenities in the development will include CCTV monitored public areas, 24-hour security guards, elevators with panoramic views, underground car parking, health club and recreational facilities, Jasper Club (gymnasium, sauna, steam rooms, outdoor pool, children's pool and play area), 230 meter sandy beach, 2 km running track. Tiara Residence and Anantara Resort will be surrounded on 3 sides by water and its apartments and hotel rooms will either a sea or pool view. Home finance is available through Amlak Finance for up to 90% over a maximum of 25 years (Ijarah Finance).Expected Completion Date - End 2007Real Estate Developer - Zabeel InvestmentsLocation - The Palm Jumeirah, Dubai, United Arab Emirates .

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