Staff Report
Dubai, UAE
Shapoorji Pallonji, India’s 158-year-old real estate and construction giant, has announced the completion of its first-ever international residential development, Imperial Avenue, in Downtown Dubai. Overlooking Burj Khalifa and Dubai Canal, the Dh1.4 billion development comprises 45 storeys of apartments, penthouses, and villas complemented by lifestyle amenities.
Project funding was contributed by London-based Hayfin Capital and the UAE’s Commercial Bank International. With the Building Completion Certificate in hand from Dubai’s Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover.
Attracting buyers from over 60 nationalities, the project offers a mix of one- to five-bedroom apartments, penthouses, and podium villas with private pools. Project sales is expected to reach approximately Dh2 billion.
Mr. Cyrus Engineer – SP International Property Developers, said, “Imperial Avenue is more than a luxury tower; it’s a statement of intent. By combining our Indian engineering legacy with Dubai’s futuristic standards, we aren’t just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai’s most prestigious address.”
Imperial Avenue features a 10,000 square foot entrance lobby and amenities complete with infinity pools, a fitness centre, recreation areas, and five parking levels coupled with sustainability features like solar panels and grey water treatment.
Aligning its expansion strategy with the global epicentre of luxury living, Dubai and the UAE were Shapoorji Pallonji’s obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai’s appreciation potential consistently delivering at 8 to 12 percent return on investment (ROI) for luxury properties, the developer has confidently invested its legacy in Dubai’s future-ready real estate markets. “Dubai’s ambition mirrors our own—to create iconic, sustainable landmarks. Downtown’s dynamism offered the perfect stage to debut our international residential expertise,” Mr. Cyrus Engineer added.
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