Saeed Tarrad Development, a Dubai-based real estate developer, announced the launch of the Mackerel Tower, their latest pioneering project, to set a new standard for luxury living style.
The project, in the Dubai Islands, will be built in a strategic location in one of the most attractive destinations for real estate investment in the Emirate of Dubai.
Mackerel offers a wide and unique range, as it is the first project in Dubai to include a 600-meter indoor jogging track, in addition to a variety of luxury services and facilities, such as health clubs, swimming pools, and children’s play areas.
Ninety per cent of the units in Mackerel, which enjoys panoramic views of the Arabian Gulf, has been sold out shortly after its launch, as the Dubai Islands area is an attractive destination for housing and investment, in addition to the high demand for the area.
The project consists of 64 units with a variety of options including one- and two-bedroom apartments, in addition to exclusive luxury penthouses. Each apartment has been carefully designed to provide panoramic views of the city’s distinctive skyline, with competitive prices starting from AED 2,000 per square foot.
“We are pleased to launch our distinctive project, Mackerel Tower, in a strategic move aimed at capitalizing on the increasing demand for real estate investment in Dubai, specifically in luxury coastal areas such as the Dubai Islands,” said Saeed Tarrad, CEO of Tarrad Development.
He explained that the implementation of the project comes in line with the significant growth achieved by the real estate market in the Emirate of Dubai, which has strengthened the emirates position as a major investment destination, as real estate sales in Dubai have grown by 33% since the beginning of the year until November, exceeding AED437bbn. He noted that Dubai has been able to attract major investors from around the world, thanks to policies that facilitate the process of purchasing real estate for international investors, in addition to the highest investment returns globally, along with residency visa programs linked to real estate investment.
“The Mackerel Tower confirms our commitment to innovation, quality, and achieving customer satisfaction, and enhancing the quality of life by creating exceptional spaces for living and relaxation to keep pace with the Dubai urban renaissance,” Tarrad added.
