Optimism and confidence is in the air as Dubai reaches for the skies with mega developments. Dheeraj & East Coast, a joint venture between the India-based Dheeraj Group and the UAE-based East Coast Group, has unveiled the $68m (AED 250million) Marina Wharf at Dubai Marina. Marina Wharf is a freehold residential project which will come up over a gross area of 330,000 square feet. The project offers 117 residential units including 33 one-bed rooms, 66 two-bed rooms and 18 three bed rooms, four penthouses and eight villas. It will comprise all modern amenities and comforts offering world-class facilities in an elegant ambiance and one of the unique features of the development include a spa spread over 30,000 square feet. Overlooking the marina, the development will also have a retail component. Marina Wharf has been competitively priced with rates ranging from $215 (AED 800) to $241(AED 900) per square feet depending on the residential unit.
The project is estimated to be ready by mid-2008. Unveiling Marina Wharf, Mr. Dheeraj Wadhawan, Director of Dheeraj & East Coast L.L.C., said: “With Marina Wharf, Dheeraj East Coast is entering a new phase of accelerated and strategic investment plans across Dubai and the UAE. We believe we have been able to establish our credentials and generate immense customer interest with our very first project – D.E.C. Towers.”
Booming achievement is reflected in rapid pre-bookings at Marina Wharf with 90 per cent of the project already been sold out.
Dubai Marina is typically a residential and holiday district with numerous boutique-style shopping and dining outlets to complement the marine or waterside theme which epitomizes Dubai Marina living.
Dheeraj Group is one of the leading Mumbai-based property developers from India and the East Coast Group is a UAE-based business group owned by UAE nationals.