Dubai, United Arab Emirates (PressExposure) May 26, 2008 -- KM Properties, the real estate development arm of KM Holding, has added another luxurious property to its ever growing portfolio of exclusive developments. TAMANI Arts Royal Suites, the five star luxury suite apartments managed by TAMANI Hotels and Resorts, was formally unveiled in a grand gala event last night. All 104 units of TAMANI Arts Royal Suites sold out within three hours of its launch which begun as early as 6pm with close to hundreds of investors and guests showing up at the event in Madinat Jumeirah.
The celebrated Grand Launch event was attended by leading dignitaries and prominent businessmen from inside and outside the UAE as well as officials from various governmental authorities and senior bankers from National Bank of Dubai and Amlak Finance. In addition to KM Properties loyal customers and serious investors who all enjoyed an evening of networking with KM Properties associate partners such as Al Rostamani Pegel, Terry Farrell & Partners UK, and the TAMANI Hotels and Resorts team.
âIt was an evening of networking with our partners and investors. We are delighted to see them marvel at TAMANI Arts Royal Suitesâ quality trademarks: sophisticated elegance, discreet luxury, artsy surrounding, stylish touches, comfortable abodes blended with understated quality inspired by royal yet traditional Arabian classiness. Our investorâs decision to invest or reside in this beautifully appointed suites is a decision am sure they will always cherish. The atmosphere was exciting as majority bought multiple units and full floors,â exclaimed Sanjeet Joher, group chief operating officer of KM Holding.
âDemand for full floors was phenomenal on the evening with finance assistance offered by as much as 95 percent through Amlak Finance and 80 percent by National Bank of Dubai. Those who purchased last night enjoyed astounding capital gains of 200 percent alone. This investment model follows the other successful launches delivered by KM Properties such as Park Lane Hotel and Commercial Tower and the B2B Tower, commercial towers among others,â added Sanjeet.
KM Properties unveiled the elaborate details of the five star TAMANI Arts Royal Suites property; a part of the Artisan Cluster development of KMP in the premiere new downtown location.
TAMANI Arts Royal Suites is a top luxury residence suites located within the luxurious 5* star TAMANI Arts Hotel which is the only one of its kind in the Middle East; a ground plus 20-storey all-glass and steel contemporary designed tower along the lake waters within the vicinity of Burj Dubai area offering 104 luxury suites that range from 1,475 to more than 2,269 square feet. The luxury fully furnished and serviced suites located from floor 12 to floor 20 will be available and completed in late 2010.
Terry Farrell and Partners, UK, who signed a strategic joint venture partnership with KM Properties in 2007; is the master designer of the Artisan Cluster where the TAMANI Arts Royal Suites is a part of. The Artisan Cluster spanning an approximate 2 million square feet space is made up of clusters of towers comprising of hotel, commercial, residential and premium retail spaces.
The TAMANI Arts Royal Suites features efficiently appointed two and one bedroom serviced and fully furnished royal suites that celebrate art. All royal suites are decorated in modern classic and modern contemporary style.
The glass feature of the tower is designed to ensure good outlook across the central landscaped area and above the neighbouring lower rise developments. Residents of TAMANI Arts Royal Suites will enjoy unsurpassed five star hotel services by TAMANI Arts Hotel, a member of TAMANI Hotels and Resorts which was appointed by KM Properties to operate and managed all the premier developments it owns. (END)
About TAMANI Hotels and Resorts: TAMANI Hotels and Resorts, is a member of KM Holding, it is a fresh, modern and innovative hotel management company dedicated to delivering genuine hospitality through creative and outstanding service with wholesome values that are people-focused and performance oriented. TAMANI Hotels and Resorts combine recognised Islamic values with a passion for creativity and excellence. TAMANI Hotels and Resorts is a subsidiary of KM Holding, one of Dubaiâs fastest growing business conglomerates. The headquarter is based in Dubai, United Arab Emirates. For more information, please visit: [http://www.tamani.com]
About KM Holding: KM Holding is one of the fastest growing companies in the Gulf, with core business in the areas of automobile sales and services; management consulting services; real estate development, property management; hotel & Resort Management, and healthcare. KM Holding is the parent company for KM Properties, KM Rent, TAMANI Hotel & Resorts, KM Investments, KM Advertising and Marketing and KM Automobiles and Trucks (KAT). For more information, please visit [http://www.km-holding.com]