Summary: ACI Real Estate and Ferretti Group today launched two
luxury waterfront residences, "Ferretti Luxury Beach
Residence" and "Pershing Luxury Beach Residence".
Announced earlier this year, the two companies joined hands in what is
believed to set new trends in luxury waterfront living. The freehold
ownership project branded as "Marine Legends", valued at about
UAE 6 billion Dirham - over USD 1.6 billion - and situated at the
Waterfront, offers a sprawling 1,969,607 Sq Ft of saleable area.
ACI Real Estate and Ferretti Group launch Ferretti Luxury Beach
Residence and Pershing Luxury Beach Residence
Together to develop an innovative waterfront project, "Marine
Legends"
ACI Real Estate and Ferretti Group today launched two luxury
waterfront residences, "Ferretti Luxury Beach Residence" and
"Pershing Luxury Beach Residence". Announced earlier this
year, the two companies joined hands in what is believed to set new
trends in luxury waterfront living. The freehold ownership project
branded as "Marine Legends", valued at about UAE 6 billion
Dirham - over USD 1.6 billion - and situated at the Waterfront, offers a
sprawling 1,969,607 Sq Ft 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.
Vincenzo Cannatelli, CEO of Ferretti S.p.A., added: "The whole
world is coming to Dubai and at ACI Real Estate we have found our match.
This strategic venture is a result of mutual professional admiration and
recognition of our common values."
The Ferretti Group is globally renowned for its luxurious, high
performance yachts. This unique partnership is another example of ACI
Real Estate creating a unique concept to add tangible and intangible
value to its offerings. The result in this case is a convergence of
prime real estate with a world famous luxury brand to fashion an out of
this world living experience.
The twin tower Ferretti Luxury Beach Residence and Pershing Luxury
Beach Residence are, quite simply, unique. With landscaped gardens
amidst canal and sea views, the property offers the latest amenities
such as pool, fitness center, sauna and Jacuzzi, and a little something
else: eight luxury yachts per brand will be available for residents to
charter at preferential rates. These yachts will be purchased by ACI
Group. The twin tower Ferretti Luxury Beach Residence will have over 44
floors each, while the Pershing Luxury Beach Residence will have over 41
floors, along with individual retail units at the ground floor of each
tower. Ferretti Yachts and Pershing Yachts designers are proposed to
design common areas of the towers, lending them their signature touch of
elegance and sophistication.
Robin Lohmann, Managing Director of ACI Real Estate further added,
"With the Ferretti Group, we will develop an innovative concept: a
waterfront project with one of the world's most exclusive yacht
brands, offering something different, something extra for those who
demand only the best. That's the ACI Real Estate advantage."
The project is slated for completion by 2011. 2008 Al Bawaba
(www.albawaba.com)
2008 Al Bawaba (Albawaba.com)
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