Dubai’s newest ultra-luxury apartment building brings in Dh1 billion

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The ultra-luxury St. Regis Residences on Financial Centre Road in Dubai sold out of 70% of its units in the first hour of opening, generating nearly Dh1 billion in sales.

The project was in high demand in a market supported by the premium segment and showing no signs of slowing down. “It is safe to state that St. Regis Residences, Financial Centre Road was specifically designed to meet the needs of a contemporary, affluent client based on the great sales at the debut. Abdullah Alajaji, founder and CEO of Driven Properties, the project’s exclusive broker, remarked, “It was our delight to see the industry come together behind such a magnificent project.

The newest property to join the St. Regis residential portfolio, the 232 homes in St. Regis Residences, Financial Centre Road, Dubai range from 1, 2, 4, 5- bedroom to penthouses, measuring between an impressive 970 sq.ft and 9,325 sq.ft. The units offer the largest layouts on the market – up to 50 per cent bigger than the average in Downtown – and come with bespoke, high-end finishings and 360-degree views.

Reflecting on the successful launch, Vinay Varma, Director at developer Adventz Group, said: “The response to the launch of St. Regis Residences has been overwhelming and is a true testament to the quality of the development as well as the reputation of the Adventz Group.” Dubai

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