By : JD
Jordan Daily – India’s Shapoorji Pallonji, a 158-year-old construction and real estate firm, has completed its first international residential project, Imperial Avenue, in Downtown Dubai, receiving the Building Completion Certificate from Dubai’s Real Estate Regulatory Authority (RERA).
The AED 1.4 billion ($381 million) development rises 45 storeys, offering panoramic views of Burj Khalifa and Dubai Canal. Featuring a 10,000 sq. ft. grand lobby, infinity pools, a fitness centre, and sustainable technologies like solar panels and grey water recycling, Imperial Avenue targets high-end global buyers seeking smart-enabled, spacious homes.
“Imperial Avenue is more than a luxury tower; it’s a statement of intent,” said Cyrus Engineer of SP International Property Developers. “We aren’t just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai’s most prestigious address.”
Backed by funding from London-based Hayfin Capital and the UAE’s Commercial Bank International, the project reflects Dubai’s growing appeal for global developers. Imperial Avenue has attracted buyers from over 60 nationalities and includes 1- to 5-bedroom apartments, penthouses, and podium villas with private pools.
With expected sales nearing AED 2 billion, the project aligns with Shapoorji Pallonji’s global expansion strategy. “Dubai’s ambition mirrors our own—to create iconic, sustainable landmarks,” Engineer said. “Downtown’s dynamism offered the perfect stage to debut our international residential expertise.”
The firm cited Downtown Dubai’s consistent 8–12% ROI for luxury real estate as a key driver in choosing the location for its international foray. The handover process is currently underway.
