A part of the Coral International chain of hotels, resorts, and spas across the Middle East, the project has athletic and residential amenities for those wishing to live and invest in ultra-plush hotel apartments.
The Coral International is a smart-home enabled freehold development offering 21 luxurious floors that includes a swimming pool, sauna, steam rooms and Jacuzzi, retail and coffee shops, high-speed elevators and covered parking.
The project is slated to be completed within two years by 2010.
“The Fakhruddin Group’s deal with Coral International will not only give this company access to one of the more exclusive areas of the UAE in the establishment of a hotel residence, but it also represents a milestone in the growth and development of Fakhruddin Properties as one of the most trusted and leading real estate companies in the region,” said Fakhruddin Group Chairman Yusuf Fakhruddin.
“The commercial investment features of the project also includes 100 per cent profit shares for the first three years for the owners, free car parking on each unit and no transfer fees to the buyers from developer for completion,” said a company statement.
“The Coral International Hotel is one of the more unique projects which we are developing.
“This project, like everything else within Dubai Sports City, has a sporting element to it, offering ultra-modern amenities for individuals and families who are both athletic and languid.
“The project presents home buyers and investors with a solid investment that will be finished to the highest in design, technology, comfort and luxury.
The project has already proven extremely popular even before its official launch with many investors buying space within the development, taking advantage of The Coral’s exclusive location and the luxurious amenities it will offer,” said the chairman.
Fakhruddin launches Dh350m hotel