Sajjad Ahmad, Deputy Business Editor

The overall property market in Dubai has registered a record number of sales in August and set to touch new heights by the end of the year as developers are introducing new projects, said Khalid Al Jaziri — Chief Commercial Officer at Nabni Developments.

To cater to the rising demand for luxury living, Nabni Developments has unveiled its latest masterpiece, Avenue Residence 5, with the the inclusion of four penthouse units for the first time in Al Furjan.

Khalid Al Jaziri said,“ The project has a total of 85 residential units and the expected completion date for this prestigious project is scheduled for Q2 2025. The payment plan for Avenue Residence 5 is designed to be accommodating, with 40% payable during construction and the remaining 60% upon completion.”

The Avenue Residence 5 project offers a range of carefully designed units to cater to diverse lifestyle preferences. The project offers apartments ranging from 1 BHK to suites, penthouses and more.

Revealing the starting prices for various units, Al Jaziri said,” The 1 BHK price is starting from Dhs1.1 million and almost sold out. The 2 BHK and 3 BHK prices are ranging from Dhs1.4 million and Dhs2.5 million respectively. The prices of penthouse units are starting from Dhs2.630 million and we are currently in negotiations with one resident and three international buyers for the four units.”

He added,” We are focusing on residential projects and there are new projects in the pipeline. We are looking forward to expand our presence in other emirates in the near future.”

“Avenue Residence 5 is a testament to our dedication to redefining luxury living in Al Furjan and across Dubai. We are thrilled to introduce penthouse units for the first time in this vibrant community, offering an elevated lifestyle to our discerning residents. Our commitment to quality and innovation shines through in every aspect of this project, from its prime location to its carefully designed units and world-class amenities. We believe Avenue Residence 5 will set a new standard of excellence in the real estate market, and we are proud to share this masterpiece with our valued clients,” concluded Khalid Al Jaziri.

Avenue Residence 5 by Nabni redefines modern living with its distinctive, innovative design and unwavering commitment to craftsmanship and style. These luxury properties proudly represent Emirati hospitality and are universally admired and coveted for their uniqueness and exceptional quality. In addition, the property stands out with the inclusion of penthouse units for the first time in Al Furjan Area, providing an elevated living experience for discerning residents.

The Avenue Residence 5 project, located in Al Furjan, offers a range of carefully designed units to cater to diverse lifestyle preferences. The project offers apartments ranging from 1 BHK to suites, penthouses and more. One of the standout features of Avenue Residence 5 is its prime location, situated just few steps away from the Al Furjan Metro Station. This strategic positioning ensures seamless connectivity for residents.  Nestled in this vibrant neighborhood, residents can enjoy a thriving community atmosphere with local shops, parks, and cafes within walking distance. Al Furjan is known for its family-friendly environment, making it an ideal place to raise children with schools and recreational facilities nearby. Moreover, the project boasts breathtaking skyline views of Dubai’s iconic landmarks, providing residents with a constantly evolving and captivating backdrop to their urban lifestyle

Avenue Residence 5 will oversee a welcoming reception with double-height ceilings, providing an elegant first impression. The amenities include Italian fitted kitchens and wardrobes, showcasing impeccable craftsmanship, exquisite golden finish accessories, adding a touch of opulence, branded kitchen appliances from Siemens, and state-of-the-art gym equipment from Technogym, catering to residents’ fitness needs.