Royal Estates is a mixed-use real estate project which was launched in August 2014 in Dubai as a joint venture between Aristocrat Star Investments, Pacific Ventures and PAL Developments. The Royal Estates project was stalled in 2008 during the real estate and financial crisis, but was re-launched around the time when the property market in Dubai started booming.
The primary developer of Royal Estates is Aristocrat Star Investments LLC, a diversified business group which expanded into Dubai in 2001, with more than 30 years of operations globally. The group’s presence spreads across India, Turkey, China, United Kingdom and the Middle East.
The gated community of Royal Estates will be located in Dubai Investment Park and will spread across 2.3 Million square feet with residences built around lush surroundings and lakes. Dubai Investment Park or DIP, is a master-planned community development which offers easy accessibility through a well-laid out network of roads, great infrastructure and greenery. Dubai Investment Park is also only a few minutes’ drive away from the Al Maktoum International Airport.
Royal Estates is being endorsed by Bollywood superstar Shahrukh Khan who was in Dubai to launch the first phase of the residential project. His wife, Gauri Khan who is also a renowned Interior Designer, is at the helm of planning the interiors and finishes in Royal Estates’ homes. The famous LA-based architect, Tony Ashai, has been roped in to design the architecture of the spacious and modern residences.
Royal Estates will offer potential residents a range of lifestyle amenities like swimming pools, children’s play areas, a gym, parks and gardens, barbeque areas, restaurants and cafes.
The first phase was launched in August 2014 and includes over 400 townhouses and 1,200 apartments, expected to be completed by 2017. The first batch of apartments for sale were priced starting at AED 450,000 and townhouses at AED 1.6 Million.
There will be two, three and five bedroom townhouses available in Royal Estates. These spacious and contemporary-themed townhouses will feature lush green surroundings, high-quality finishes, & spacious rooms and will be perfect for families. The first batch of townhouses were sold at a starting price of AED 1.6 Million.
Most recently, in April 2015, a number of apartments were launched in Royal Estates. Studio apartments start at an affordable price tag of AED 284,888. One bedroom apartments will start at AED 575,888. These 1,200 apartments will be spread across 3 towers and are expected to be completed by the end of 2017.