Banyan Tree makes a move into residential space

Dubai

The hotel operator Banyan Tree is making its first move into branded residences in the UAE, for a 32-storey project to be built on Al Telal Street and near the DMCC cluster and Montgomerie Golf Course.

The developer is Sweid & Sweid and will feature 244 units. The Banyan Tree Residences, Hillside Dubai, will be within a gated community stretching over 110,000 square feet. The official launch of sales is planned for the first quarter of 2018, in conjunction with the completion of the on-site sales centre and show apartment. Completion of the project is scheduled for the third quarter of 2019. Construction started earlier this year.