Certified Completion and Handover Launch
In Downtown Dubai’s luxury skyline, a new address has officially joined the city’s collection of prime properties. Shapoorji Pallonji has announced the completion of Imperial Avenue, securing the Building Completion Certificate and initiating the property handover phase to buyers. This achievement not only finalizes the construction process but also introduces the firm’s first international residential development.
Tower Concept and Design Approach
Imperial Avenue is structured to balance visual impact with residential functionality. Standing 45 storeys high, the tower provides sweeping views over the Burj Khalifa and the Dubai Water Canal. The grand lobby, occupying 10,000 sq ft, acts as both a statement entrance and a community gathering space. The property includes apartments ranging from one to five bedrooms, expansive penthouses, and podium-level villas.
Lifestyle Features and Location Benefits
The tower is positioned to offer a walkable lifestyle in the heart of the city. Facilities include infinity-edge pools, a well-equipped gymnasium, landscaped leisure areas, and social lounges. The surrounding district offers quick access to retail, dining, cultural venues, and transport connections, reinforcing Imperial Avenue’s appeal to both end-users and investors.
Sustainability as a Core Principle
From the outset, the project was designed to reduce its environmental footprint. Energy efficiency is supported by solar panel installations and an integrated grey-water recycling system. Building materials, facade systems, and interior layouts have been optimized to enhance thermal comfort, daylight penetration, and acoustic quality.
Investment Structure and Market Impact
The AED 1.4 billion development received financial backing from Hayfin Capital and Commercial Bank International, illustrating strong institutional confidence. Buyer interest has been recorded from over 60 nationalities, and projected sales are expected to reach approximately AED 2 billion. In a market where Downtown Dubai’s luxury real estate yields average rental returns of 8–12 %, Imperial Avenue enters with competitive positioning.
Strategic Significance for the Developer
For Shapoorji Pallonji, Imperial Avenue serves as both a brand statement and a strategic foothold in the UAE’s premium segment. The project’s delivery aligns with the company’s broader vision of extending its construction and property expertise to global markets.