Phase two sales of Kempinski Residences Business Bay announced

Gemstone Real Estate Development and Tamleek Real Estate Co. sell out phase one

By Shereen Shabnam

Gemstone Real Estate Development (Gemstone) and Tamleek Real Estate Co. announce successful selling out of phase one of the Kempinski Residences Business Bay development, the five-star luxury serviced residences in Business Bay and are now starting sales for phase two of the development.


Featuring luxuriously furnished, fully serviced residences with spectacular views of many of Dubai’s iconic landmarks, the project is expected to be complete in Q4 2019. Kempinski Residences Business Bay is setting new benchmarks in high-end lifestyle,  convenience, quality of life and return on investment.


Mr. Federico Tauber, CEO of Gemstone, said: “We are delighted with the response to phase one of Kempinski Residences Business Bay and anticipate similar investor and end-user response to phase two. Located in the heart of Dubai’s growing luxury real estate market, this development offers a unique opportunity with easy access to major attractions and amenities.”


Dr. Brian Etemad, Esq. CEO of Tamleek Real Estate Co. said, “Kempinski Residences Business Bay delivers many enhanced lifestyle offerings, such as easy access to the Dubai Water Canal, premium restaurants and entertainment. With the immediately ready-to-visit model homes, our valued clients get a realistic look and feel of these spacious luxury residences that appeal to all senses of the investors.”


In phase two, investors will be able to choose from a wide range of stylish residence layouts, with three themed interiors, ensuring this freehold property appeals to a diverse range of tastes and desires. In addition, every home is equipped with European-branded kitchens and appliances, home automation and security, and premium quality furnishings.


Due to its unique design and orientation, the Kempinski Residences Business Bay has a majority of its apartment units boasting unobstructed views of Downtown Dubai, the Dubai Water Canal, and iconic landmarks such as Burj Khalifa, Dubai Design District and Meydan.


Amenities in Kempinski Residences Business Bay include five pools, three F&B outlets, a state of the art fitness centre, a luxury spa, squash court, exclusive members club and a kids adventure land. Concierge and hotel services with 24/7 valet parking will be available to all guests and residents.


Headquartered in Dubai, Gemstone is the property development arm of Al Rajhi Holding Group, one of Saudi Arabia’s leading business houses with interests in real estate, building materials, contracting, infrastructure and industry.


Investors can contact Tamleek Real Estate Co. for the second phase. Tamleek Real Estate is a luxury property brokerage and investment advisory firm with an exclusive portfolio of properties globally.  In a span of a few months, Tamleek Real Estate Co. has emerged as the premium and the top entity in the market, as evinced by its sales volume for several major developers.


As an exclusive entity, Tamleek Real Estate Co. provides services that include property development, elite brokerage services, investment advisory, property management and mortgages. With over 150 employees and a strong local and International presence, Tamleek Real Estate Co. is seen as a leading and reliable real estate entity with an effective management and marketing method that guarantees clients tailor made services and a one stop solutions facility for any property related matters.



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