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70% of AED 750 million Sparkle Towers sold ahead of handover

According to Dubai-based and RERA award-winning real estate development company Tebyan, more than 70% of its latest development, Sparkle Towers in Dubai Marina, has now been sold, as it prepares for handover.

“We have sold 265 apartments leaving just over 100 still available. The profile of our investors and end users has been incredibly diverse, coming from as far afield as Sweden, Russia, US, South Africa, Italy and the UK as well as Saudi Arabia and the UAE,” said Mohamed Faraj, Managing Director, Tebyan Real Estate Development.

Prominently located on one of the last remaining plots in Dubai Marina, the iconic project
is a twin-tower development consisting of 29 and 14 storeys respectively and connected by a four-floor residential podium, set in a vibrant waterfront community.

The towers are made up of 373 luxury studio, one-, two- and three-bedroom apartments as well as two penthouses, a host of amenities and a range of retail units.

Sean McCauley, CEO of Dubai-based property development consultancy Devmark, which is providing strategic advisory as well as managing sales and marketing for Sparkle Towers commented:

“Even though prices in the Dubai real estate market have been soft of late, demand for Sparkle Towers has been very healthy.

“Quite apart from the design aesthetics and value for money, location and outlook are always of prime consideration when buying property and there are very few plots available with sea views overlooking Dubai Marina. Market-savvy buyers will have realised that this project will provide a sound return-on-investment. That is always the hallmark of a quality development.”

In terms of lifestyle Sparkle Towers is just two minutes’ walk from the beach, as well as close proximity to a host of shopping, dining and entertainment attractions in JBR and Dubai Marina. Residents are also well catered for when it comes to public transport, with both Tram and Metro stations nearby.

“Investors have been purchasing into the Sparkle Towers project due to the attractive projected rental yields that can be achieved due to its proximity to the beach and tram station and its strategic waterfront location in the Dubai Marina,” said Richard Aybar, Managing Director, DevMark.

The unique architecture of the two interconnected towers, is superbly enhanced by 1,700 exterior lights that fade in and out in a striking sequence, echoing the brilliance of its Swarovski-studded interiors. In addition to a bejeweled lobby the ultra-modern residences are also accented by crystal-encrusted signage and door numbers.

Residents of the development will be greeted by a marble entrance and a crystal decorated lobby and common areas thanks to the creative use of thousands of Swarovski crystals. The apartments and penthouses all feature marble and ceramic flooring, granite countertops, and the finest European bathroom fittings and finishes, along with crystal encrusted apartment number plates.

Other amenities include a state-of-the-art fitness centre and spa, temperature-controlled swimming pools, separate men’s and women’s Jacuzzi and sauna as well as a dedicated residents’ lounge. Outdoors, residents can enjoy landscaped gardens, a children’s splash park and a play area, valet parking, an on-demand limousine service and 24-hour concierge and security will also be provided.

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