EQS-News

Gulf Land Property Developers Announces New Luxury Residences in Dubai in partnership with Tonino Lamborghini Group

Issuer: Gulf Land Property / Key word(s): Contract/Agreement Gulf Land Property Developers Announces New Luxury Residences in Dubai in partnership with Tonino Lamborghini Group 16.05.2024 / 17:18 CET/CEST The issuer is solely responsible for the content of this announcement. Located in Meydan in the heart of Dubai, the new residential community’s designs and interiors are done by Tonino Lamborghini design house in Italy.

Dubai, UAE – Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide.

The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the renowned expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects—Paradise Hills and Serenity Lakes.

According to Savills, the global property market has seen a slowdown, particularly in the US and EU, due to rising interest rates. However, Dubai's market bucked this trend in 2023, recording a staggering rise of more than 36.7 per cent in value and 33.8 per cent in the number of transactions compared to the same period in 2022. Branded residences have shown remarkable resilience in the face of these global challenges, with an increase of over 160 per cent in the number of schemes in the last decade.

“Over the years, we have become a cornerstone of luxury real estate in Dubai, recognized for our diverse expertise and commitment to innovative design and construction, creating unique lifestyle homes,” said Mr. Shaher Mousli, Chairman of Gulf Land Property Developers. 

Mr. Bilal Hamadi, General Manager of Gulf Land Property Developers added “Having Tonino Lamborghini provide us with design direction and implementation enables us to deliver a new level of luxury, design philosophy, and quality of production that can only be achieved with a creative powerhouse like the Tonino Lamborghini brand.”