Giovanni Boutique Suites to be completed in 2010
Dubai, August 11, 2008
Giovanni Boutique suites, primely located in Dubai Sports City, is set to be completed by April 2010, the developer of the project, Salya Developments, has said.
Giovanni Boutique Suites is an exclusive project of Salya Developments, the international arm of Salya corporation, based in the UK.
It is an upmarket Italian property development, designed by the internationally renowned Italian designer, Giovanni Batista Ravagnani and has 400 well appointed suites.
The company said the Dh300 million ($81.67 million) project, the only fully furnished project, located close to lush green jogging tracks, promoting good health and fitness, sold out within the first seven weeks of its pre-launch.
Dr Rakesh Chandola, managing director of Salya Developments, said: ’Branded boutique properties are exorbitantly priced because the costs associated with them are very high.
’Salya is Dubai’s only developer of Designer & Boutique properties that are within easy reach of most customers and investors.’
In April 2008, Salya Corporation acquired the islands of ’Finland” and “Brunei” on the The World.
This increased the land bank investment value of Salya to Dh800million ($218 million). Salya will spend Dh 2.4 billion ($654 million), to construct and develop the islands.
The Mermaid Princess Boutique Resort (Island of Brunei), and The Finland World Resort (island of Finland), are part of the 15 projects which are currently in the pipeline under the Salya banner.
The Island projects are currently under planning stage with pre-launch being planned in October 2008 and handover expected to take place in three years. - TradeArabia News Service