Dubai, UAE-Monday 9 May 2022 [ ايتوس واير ]
Announced the International Real Estate Development Company Shapoorji Pallonji (SPIPD), the development arm of Shapoorji Pallonji, one of India’s largest conglomerates, has received an investment from Haven Capital Management LLC (Haveen), one of the leading alternative asset management companies in Europe based in London, UK , to finance the delivery of a project. Historic Imperial Avenue in central Dubai. Advisors for this transaction are Houlihan Lokey, Dubai.
About this ad, comment Engineer CyrusShapoorji Pallonji International Real Estate Development Company, General Manager: “The real estate market in Dubai has shown a lot of interest from buyers in recent quarters, and the project has seen a great capital appreciation since its inception, which is a clear evidence of its quality and the trust shown by our customers and stakeholders.Today we are witnessing rapid sales and although the pandemic has posed some challenges to the project’s progress, our team has maintained its commitment to providing a high quality project that will stand the test of time. We are pleased that Haven has invested in this historic project and look forward to a long-term, mutually beneficial partnership.
Downtown Dubai was one of the top three regions in terms of sales volume in the last quarter of 2021, with value transactions 3.2 billion UAE dirhams In this period *, this luxury neighborhood also saw a 7% year-on-year increase in the average price per square foot for apartments in the third quarter of 2021. A real estate consultant recently reported that in Downtown Dubai average prices rose of sales by more than 17% in the last 12 months, noting that properties overlooking the Burj Khalifa are in tremendous demand compared to any other property.
The boom in the Dubai real estate market is attributed to several factors, including increased demand for immigrants following the recent introduction of the long-term visa system and easing of work visa rules, making it easier for those who want to live, work and work and invest in the city. Constructive interest rates and mortgage financing terms, as well as a telecommunications system, have pushed buyers and tenants to demand more space and better offers. Not forgetting the role of government initiatives and proactive management in addressing the COVID-19 pandemic, which were also very important factors in the prosperity of the sector.
Nearly 55% of the construction work on Imperial Avenue has now been completed. Construction is in full swing and the expected completion date for Imperial Avenue is the final quarter of 2023.
About Haven Capital Management LLC
Haven Capital Management (“Haven”) is a leading company in alternative asset management. Founded in 2009, Haven has invested more than 30 billion euros in equity in more than 420 investment firms through its lending strategies.
Haven has a diversified international team of over 175 experienced professionals in the field with offices worldwide, including headquarters in London and offices in Frankfurt, Madrid, Milan, New York, Paris, Luxembourg, San Diego, Singapore and Tel Aviv. . Haven focuses on providing the best risk-adjusted returns to its investors through its private credit business, liquid credit and private equity solutions.
More information can be found on the website hayfin.com
About Shapoorji Pallonji and Company Pvt Ltd
was decided SP Founded in 1865 in India, it is a diversified global enterprise, with a leading presence in the sectors of engineering, construction, infrastructure, real estate, water, energy and financial services. It has a strong employee base of more than 70,000 employees and offers comprehensive solutions in 70 countries. fOCUS SP Construction of mega structures, development of multi-faceted iconic monuments and innovative leading technologies in water management, renewable energy, oil and gas and energy, all through responsible governance and sustainable development, for a better planet.
To learn more, please visit: shapoorjipallonji.com
Around Imperial Avenue, in the center of Dubai
Imperial Avenue is an exclusive collection of luxury homes in central Dubai overlooking the Burj Khalifa and the Dubai Canal. Imperial Avenue consists of modern premises and a variety of apartments between 1, 2, 3, 4, bedrooms, penthouse with 4 and 5 bedrooms, villas 3 bedrooms, villas 4 and 5 bedrooms with private pools. Imperial Avenue is 45 floors and includes 424 apartments and 5 parking floors, with more living space and a luxurious lifestyle in mind. Each apartment has modular kitchens, stylish bathrooms and unique private terraces. A luxurious 10,000-square-foot lounge and world-class amenities and facilities are available on two levels on the 9th and 26th floors for Imperial Avenue residents.
To learn more, please visit: imperial.shapoorjiproperties.com
* According to an analysis by Sotheby’s Luxhabitat Based on data from the Dubai Land Department.