Mr. Samir Salya, Chairman of Reign Holdings, says the project consists of 124 fully furnished hotel apartments.
DUBAI- February 26, 2017: Arthur & Hardman, the development arm of global business conglomerate Reign Holdings, has launched Milano by Giovanni Boutique Suites, a premium Italian style luxury property in Dubai’s Jumeirah Village Circle at an estimated investment of AED 125 million.
The developer has many competitive options in all lot sizes with prices starting from AED 499,000 for a studio and going up to AED 1.3 million for a 2-bed hotel apartment. The project is expected to be handed over in June 2018 and has a flexible payment plan of 50 per cent until completion and 50 per cent at handover.
Arthur & Hardman develops world-class, fully integrated lifestyle communities that meet the distinct gamut of residential and commercial needs in Dubai. Milano by Giovanni Boutique Suites is part of a sprawling development of three types of boutique suites, inspired by and named after the most remarkable Italian cities – Milano, Roma, Naples and Venice.
Reign Holdings has delivered over 50 high-grade developments across the world with projects across markets within the UK, Bulgaria, the UAE and India - with a regional fund portfolio of $1 billion and growing. The Group has diversified the funds risks into different sectors such as healthcare, recruitment and property investment and developments.
Commenting on the launch of the project, Mr. Samir Salya, Chairman of Reign Holdings, said, “We are proud to launch the region’s first-of-its-kind Italian style luxury property in the Jumeirah Village Circle. We welcome investors from different parts of the world to the new name in Dubai’s luxury community living. The exclusive collection of high-end properties, designed and styled by master Italian artists, is something special for the region, as it consists of 124 fully furnished hotel apartments with an internationally recognized 4-star facility, managed by a leading international hotel operator. This means, investors will have all the amenities and luxury they enjoy in leading hotels and at same time they would be able to call it ‘home sweet home’.”
“We have started sales for the property, where buyers can either purchase the unit as an end-user, or rent it out, or hand it over to the hotel operator. The unit will go to a rental pool and the income will be divided among owners based on their unit's area. The owner will have a certain amount of days allocated where s/he can stay in the apartment,” he added.
“We have already delivered a residential project called Roma Giovanni Boutique Suites with 400 furnished apartments in Dubai Sports City. The project was fully sold out. Arthur & Hardman has other projects in various stages of development. These include residential towers, hotels and iconic skyscrapers in Dubai Marina, Meydan, the Business Bay and DWC. Recently, we delivered 400 furnished units named Roma by Giovanni Boutique Suites in Dubai Sports City,” Mr. Salya further said.
“Naples by Giovanni Boutique Suites in Jumeirah Village Circle will be our next upcoming project, which is again going to be a fantastic bespoke style hotel apartment property and we have plans to launch a further 10 projects in the next 24 months. Reign Holdings has land bank worth about $150 million in Dubai,” he added.
The 18-floor Milano by Giovanni Boutique Suites features in-built facilities for luxury retail and temperature-controlled swimming pool and other unique amenities, offering a complete lifestyle featuring collaborations with renowned international hotel management companies. The property also features amenities like spa, cafe, 24-hour concierge, gym, retail and four floors of parking.
“Reign has a client base from all around the world. We believe keeping a strong footing in all areas expands quality of our product as you get an idea of what customers want from homes from all different walks of life. Previously we have had a lot of Russian, Indian and European clients and recently we have seen an exertion from Far Eastern clients, so the market is always evolving making Dubai a truly global brand,” concluded Mr. Salya.