More residential projects from top European developers to rise in the city amidst booming real estate market
Many developers and real estate consultants claim that local property offers high single-digit returns compared to less than half of that offered by other major cities.R.evolution, which has projects in Latvia, Germany, and Spain, across residential, hotel, office, and infrastructure projects, has launched its first residential project Eywa on Dubai Water Canal, Business Bay, featuring 48 waterfront residences.
"We are thrilled to launch Eywa in Dubai and meet the growing needs of consumers for homes that provide a holistic experience... It will introduce a new way of living to the city, demonstrating our ability to create a life of exclusivity for our clients," said Qasim Mansoor, chief development and operations officer, R.evolution.
Inspired by the sacred Banyan tree and the Southern Sky Column, the famous quartz sandstone mountain in Zhangjiajie National Forest Park, China, Eywa's architecture is strikingly distinctive. Scheduled to be completed by 2026, the residences will have a library, private waterfalls and hammocks.
"We take an active approach to reducing carbon footprint, minimise waste and use sustainable practices. We use ancient knowledge about human nature and the latest achievements of the modern world. Our priorities are well-being, health, energy efficiency, sustainability, and unity with nature as well as community. We are absolutely certain that Dubai will never settle for anything less than first place," said Alex Zagrebelny, chairman and CEO, R.evolution.
Date: Aug, 17th 2023