Three companies—Ellington Properties, Shuaa Capital’s Northacre, and Sol Properties—have confirmed a new nine-stoery, 88-unit building on the Palm Jumeirah.
This is the first time Shuaa has introduced Northacre, a high-end developer based in the UK, to the Gulf. This was a component of a new real estate strategy that was revealed in the summer. Prime London hotspots had been Northacre’s area of expertise up to this point.
In recent months, Ellington Properties completed a number of projects in desirable Dubai locales and also began work on others. The newest one will also have the developer’s renowned emphasis on bespoke design, enlisting the help of the Bjarke Ingels Group, which has locations in both London and New York.
Jassim Alseddiqi, Chairman of Northacre, said: “We are excited to embark on this partnership to realize our shared vision of creating contemporary luxury spaces and exceptional living and wellness experiences while bringing to the project our meticulous attention to detail and passion for craftsmanship.”
Following the recently opened Beach House (with 123 units) and The Ellington Collection, a collection of nine beachfront villas, the new project is Ellington’s third development on the Palm Jumeirah.