Gemstone launches phase two of Kempinski Residences

George Sell George Sell Uploaded 10 February 2017

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UAE: Gemstone Real Estate Development (Gemstone) and Tamleek Real Estate Company have launched phase two of the Kempinski Residences Business Bay development.

The five-star serviced branded residence is expected to be complete in the fourth quarter of 2019. The majority of its apartment units have unobstructed views of Downtown Dubai, the Dubai Water Canal, the Burj Khalifa, Dubai Design District and Meydan

Gemstone is the property development arm of Saudi conglomerate Al Rajhi Holding Group. CEO Federico Tauber said: "We are delighted with the response to Phase One of Kempinski Residences Business Bay and anticipate similar investor and end-user response to Phase Two. Located in the heart of Dubai's growing luxury real estate market, this development offers a unique opportunity with easy access to major attractions and amenities."

Dr Brian Etemad, chief executive of Tamleek Real Estate, said: "Kempinski Residences Business Bay delivers many enhanced lifestyle offerings, such as easy access to the Dubai Water Canal, premium restaurants and entertainment. With the immediately ready-to-visit model homes, our valued clients get a realistic look and feel of these spacious luxury residences that appeal to all senses of the investors. In Phase Two, investors will be able to choose from a wide range of stylish residence layouts, with three themed interiors, ensuring this freehold property appeals to a diverse range of tastes and desires. In addition, every home is equipped with European-branded kitchens and appliances, home automation and security, and premium quality furnishings."

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