Business | Property
Ferretti and ACI unveil luxury projects
ACI Real Estate and Ferretti Group yesterday launched two luxury waterfront residences, Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence.
- Staff Report
- Published: 23:39 August 27, 2008
Dubai: ACI Real Estate and Ferretti Group yesterday launched two luxury waterfront residences, Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence.
The freehold ownership project branded as Marine Legends, valued at about Dh6 billion ($1.6 billion) located at the Waterfront, offers 1,969,607 square feet of saleable area.
"This deal has furthered the vision we have at ACI Real Estate, which is to bring world class luxury living to Dubai. The Ferretti Group has been a leading luxury brand for decades now. We at ACI Real Estate want to blend Ferretti's expertise into our real estate projects and provide our customers with the best of both worlds", said Robin Lohmann, managing director of ACI Real Estate.
The Ferretti Group is known for its luxurious, high performance yachts. The partnership is another example of ACI Real Estate creating a unique concept to add tangible and intangible value to its offerings.
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
