The AED135 million Vincitore Palacio, the first premier flagship project marking the debut of Vincitore Real Estate Development LLC in Dubai, garnered tremendous investor response with 90 per cent of the Phase-I of the project sold out in the first 60 days of the launch. Launched earlier this year with a per unit starting price of AED 475,000, the branded residential project is spread over 200,000 sq ft on prime 81,500 sq ft at the Arjan district in Dubailand. Vincitore Palacio, which will be ready for handover by May 2017, has set a new benchmark in Dubai’s property market with its European architecture, unmatched quality, and unique style.
The project received strong investor turn out for being the first mid-segment branded development that addresses the requirement of the untapped segment of Dubai’s 2.4 million population who are on a look out for affordable yet upscale residential properties to live in. With more than 90 per cent of the units sold out in the Phase-I, the project has successfully created a niche market for itself by drawing the attention of buyers of branded, luxury and quality properties due to its bespoke design, unparalleled amenities, and exquisite finishing.
Vijay C Doshi, Founder and Managing Director, Vincitore Real Estate Development LLC, said: “Even at a time of softening property prices in the UAE, demand for quality developments that offer value par excellence to investors remains high. Positive response for Vincitore Palacio not only reflects the strength of Dubai’s real estate sector but also effectively fills the gap for affordable yet branded, premium homes that reflect style, elegance and luxury while fulfilling Dubai’s sustainable energy requirements. Our commitment to deliver the project on deadline has also appealed to our investors and buyers who want either to own property as an investment or to live in it.”
TUV Nord Germany (ME), a third party quality assurance organisation will undertake all quality control of Vincitore Palacio to minimise risks and damages to avoid unnecessary delays and additional cost due to rework.
Complementing Dubai’s clean energy strategies, Vincitore Palacio boasts of the state-of-the-art solutions, such as water-efficient equipment with capacity to annually save up to 7.2 million gallons of water and energy-saving LED lights and central gas system to ensure nearly 20 per cent decrease in power consumption.
Featuring 175 units of comfortable studio and spacious one and two-bedroom apartments, with built-in kitchen and wardrobe, fully-fitted bathroom with selected accessories, and a sun deck for each apartment, Vincitore Palacio offers round-the-clock secured access with video intercom and security services. In addition, this exclusive G+4 storey building entails superior amenities such as an elegant double-height designer lobby and ornamental façade; custom-designed elevators; 60-ft temperature-controlled swimming pool with lounge chairs; 12,000 sq ft leisure deck area; 3,000 sq ft sunlit gymnasium with steam and sauna facilities and landscaped garden.