European developer eyes booming Dubai realty

Swank to launch inaugural project in Meydan


A Staff Reporter

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Published: Tue 30 Apr 2024, 7:36 PM

Last updated: Fri 3 May 2024, 12:19 PM

Swank Development, a real estate developer from Portugal, has recently opened an office in Dubai, and plans to launch its first project in Meydan, Mohammad bin Rashid City.

“Dubai is one of the top global destinations for business and living. It is the thriving economy, superior lifestyle, advanced infrastructure, as well as safety and security, that distinguishes it from other regional and global cities. The vision of the country’s leaders, coupled with strategic policies that are favorable for progress make this a perfect launchpad for us. Dubai’s continuous growth as one of the happiest and safest cities in the world and its ability to attract investors from around the world gives us the perfect canvas to develop urban spaces that reflect the essence of personalized luxury,” Moustafa Elsaid, Managing Director and Board Member at Swank Development, said.

The company says its vision is to come up with projects that symbolize unparalleled sophistication and a tailored lifestyle. “We prioritise spacious internal designs that promote openness, thereby enhancing the utilization of living spaces to create environments that are both functional and aesthetically pleasing. So whether it is about maximizing natural light, utilization of space or incorporating sustainable elements, every Swank residence symbolizes modern living and a tailored lifestyle,” Elsaid said.

Moustafa Elsaid, Managing Director and Board Member at Swank Development
Moustafa Elsaid, Managing Director and Board Member at Swank Development

Swank’s first project in Meydan will be a gated villa community, offering a range of 4 to 6-bedroom villas and mansions. “This project promises not only a prime location but also a living experience that epitomizes luxury and individuality, tailored to those who appreciate distinction in their living environment,” Elsaid said.

The strategic and premium positioning of Mohammed Bin Rashid City (MBR) was the main reason behind Swank’s inaugural development. “Meydan offers unparalleled connectivity and access to the city’s key landmarks and neighbourhoods. MBR City’s visionary master plan, designed to be a global hub for commerce, leisure, and culture, provides an ideal canvas for our luxury residential projects. Moreover, the increasing demand for upscale properties in this area presented a lucrative opportunity for our debut venture and future developments. By establishing our presence in MBR, we embrace Dubai’s ethos of innovation and excellence, positioning our development as a symbol of contemporary luxury within this dynamic urban landscape,” Elsaid said.

As the city continues to grow, with more and more contemporary living spaces, Swank expects to echo this robust and forward-thinking vision. “The design phase for our second project has already begun, and we are actively seeking to broaden our property development portfolio by incorporating more strategic locations and focusing on community developments,” Elsaid said.

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