Banyan Tree Residences Coming to Dubai
Asian HQ’d hotel and spa star, Banyan Tree, has begun construction of its brand of residences in Dubai
Checking in to a %-star hotel is easy, checking out, not so much.
The Big Q: What if you did not have to checkout permanently?
Enter the realm of branded residences.
We have seen a few spring up across Dubai from the Bulgari residences on a seahorse-shaped island just off the Jumeirah coast in the city to the vertiginous Armani residences in Burj Khalifa.
Throwing its hat into the mix is Thailand’s Banyan Tree Holdings, which has partnered with the UAE’s Sweid & Sweid to develop the Middle East’s first Banyan Tree Residences in Dubai.
Sweid & Sweid was founded in Y 2006 and is helmed by its founder and managing partner Maher Sweid.
This 110,000 sqf Banyan Tree Residences Hillside Dubai is a $163.3-M project consisting of one 32-story tower currently under construction.
The gated community is located on Al Telal Street in JLT where the Montgomerie Golf Course, Emirates Golf Course and Emirates Hill intersect, allowing for some great views of vast swathes of manicured greenery.
There are a total of 244 residences and it includes 1, 2, 3, and 4 bedroom apartments. The 1-bedroom apartments start at $313,100. For those with deeper pockets, there are duplex apartments, each with their own private outdoor gardens.
And if you are ready to go all out, there are 3 full-floor penthouses at the Top of the tower, each with its own private swimming pool.
All the apartments are, expectedly, finished with Top of the line materials including Villeroy and Boch sanitary ware, fixtures from Grohe, and a kitchen kitted with appliances from Siemens and Smeg as well as zebrano wood veneers.
Residents have access to the common pool, which also has an adjacent children’s swimming pool. There are shared amenities, which include a squash court, a children’s play area, the gardens and a poolside café.
Banyan Tree properties worldwide are reputed for their spas.
It would be incongruous for this apartment complex not to have 1. Fittingly, the clubhouse and spa feature Banyan Tree-trained spa therapists, and residents can enjoy complimentary services.
To make the entire experience of living in these apartments closer to one you would find at a 5-Star hotel, there is a concierge service within the complex and a director on the property to oversee operations.
Banyan Tree has residential projects in cities worldwide from Carbo Marques in Mexico to Brisbane in Australia and Bangkok, Thailand to Lang Co in Vietnam.
Just as you would by purchasing an apartment at any of those properties, buying one at their upcoming Dubai property will also give one access to the Banyan Tree Sanctuary Club, a sort of loyalty program which entitles you to access BT’s resorts and hotels, spas, retail galleries and golf courses worldwide.
Dubai is home to a itinerant population of just over 3-M, getting them to invest in property has always been a challenge. Policy planning initiatives like the recent cabinet decision in the UAE to grant individuals from certain professions 10-year visas has helped sway those on the fence regarding investing in property.
The high-end branded property market is all fired up.
By Varun Godinho
Paul Ebeling, Editor