Dubai, 27th August 2008 - ACI Real Estate and Ferretti Group today launched two luxury waterfront residences, “Ferretti Luxury Beach Residence” and “Pershing Luxury Beach Residence”. Announced earlier this year, the two companies joined hands in what is believed to set new trends in luxury waterfront living. The freehold ownership project branded as “Marine Legends”, valued at about UAE 6 billion Dirham - over USD 1.6 billion - and situated at the Waterfront, offers a sprawling 1,969,607 Sq Ft of saleable area.
“This deal has furthered the vision we have at ACI Real Estate, which is to bring world class luxury living to Dubai. The Ferretti Group has been a leading luxury brand for decades now. We at ACI Real Estate want to blend Ferretti’s expertise into our real estate projects and provide our customers with the best of both worlds”, said Robin Lohmann, Managing Director of ACI Real Estate.
Vincenzo Cannatelli, CEO of Ferretti S.p.A., added: “The whole world is coming to Dubai and at ACI Real Estate we have found our match. This strategic venture is a result of mutual professional admiration and recognition of our common values.”
The Ferretti Group is globally renowned for its luxurious, high performance yachts. This unique partnership is another example of ACI Real Estate creating a unique concept to add tangible and intangible value to its offerings. The result in this case is a convergence of prime real estate with a world famous luxury brand to fashion an out of this world living experience.
The twin tower Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence are, quite simply, unique. With landscaped gardens amidst canal and sea views, the property offers the latest amenities such as pool, fitness center, sauna and Jacuzzi, and a little something else: eight luxury yachts per brand will be available for residents to charter at preferential rates. These yachts will be purchased by ACI Group. The twin tower Ferretti Luxury Beach Residence will have over 44 floors each, while the Pershing Luxury Beach Residence will have over 41 floors, along with individual retail units at the ground floor of each tower. Ferretti Yachts and Pershing Yachts designers are proposed to design common areas of the towers, lending them their signature touch of elegance and sophistication.
Robin Lohmann, Managing Director of ACI Real Estate further added, “With the Ferretti Group, we will develop an innovative concept: a waterfront project with one of the world’s most exclusive yacht brands, offering something different, something extra for those who demand only the best. That’s the ACI Real Estate advantage.”
The project is slated for completion by 2011.