Royal Estates

Royal Estates was initially launched in 2007 & 2008 but put on-hold after the financial crisis in 2009. The project was relaunched in 2014 and offering apartments and townhouse. As of Q3 2015, on-ground construction has yet to commence.

Property Types Available: Apartments
Location: Mohammad Bin Zayed Road
Status: Under Construction
Year Launched: 2014
Estimated Completion Date: June 2018
Developer: Texture Holding Ltd.
Title Type: Leasehold
Quality Classification: Mid-end
Height Classification: Mid-rise
Life Cycle: Under Construction
Under-Construction Apartments: 1,178

Royal Estates, DIP. Studio apartments from AED 320,000. 1 Bedrooms from AED 575,000.

Purchase on a 3 year payment-plan. Contact now for a presentation, site visit & pricing information.

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About Royal Estates

Royal Estates was initially launched in 2007/2008, but was put on hold after the financial crisis of 2009.

August 2014 Update

Royal Estates re-launched in August 2014 with three major developers apparently joining hands to execute the project: Aristocrat Star Real Estate Development LLC, Pal Developments and Pacific Ventures.

Most of the attention surrounding the launch was the fact that Shahrukh Khan, the Bollywood super-star, is the face of the project and his wife (Gauri Khan) is in-charge of interiors.

The project will most likely be developed in phases. The first phase consists of 2, 4 and 5 bedroom townhouses and one residential building which offers studios, 1 & 3 bedroom apartments.

Royal Estates is located in Dubai Investment Park and is thus a leasehold rather than freehold project. It is bordering the Green Community and is using the fact that is closer to the new Dubai Airport and the Expo 2020 site as location advantages.

December 2014 Update

The developer is now giving buyers new options on selecting a payment-plan when booking a property. At a price of AED 950 psf, all payments are to be made by the time of handover. At a price of AED 1,000 psf, all payments are to be concluded one year after handover. At a price of AED 1,100 psf, all payments are to be concluded by two years after handover. To get the latest plan details, please see this section's Downloads section.

April 2015 Update

The developer has relaunched the apartments at revised prices and payment plan. Prices are now about AED 580 psf. Studios are priced at between AED 285,000 - 359,000 (sizes of 490 - 546 sq. ft.). 1 Bedroom apartments are being sold for AED 575,000 - 585,000 (sizes of 810 - 836 sq. ft.)

The payment plan for the project is: 10% down-payment, 36 monthly payments of 1.2%, 20% on handover and 18 installments after handover of 1.2% Revised prices and payment plan of the project (April 2015), make it one of the most attractive value propositions in Dubai today.

September 2015 Update

It appears there has been a change in management and the developer of the Royal Estates is now Texture Holding (the same developer who is currently completing work on the Al Khail Heights project). The developer confirms that construction has not yet commenced on the site, however, mobilization is ongoing and expectations are that activity will be visible on site wtihin 30 - 60 days.

The developer also confirmed that out of the two parcels of land, one is active, where the current block of apartments consisting of studio and 1 bedroom units are available for sale. The second parcel will have townhouses, apartments and retail.

Cityscape 2015

During Cityscape 2015, Royal Estates announced the re-commencement of sales of there townhouse component. The developer is now offering 2, 3 and 4 bedroom townhouses for sale on a 4 year payment plan. As per the developer's payment-plan, the townhouses will be delivered in 2017. 40% of the sale price would be payable over 2 years after handover.

Project Completion Status (as per DLD): 10.07% (as of Sept 21, 2017)

Dubai Land Classification & Escrow Account Details:

Project: The Royal Estates Plot 2

Land Number: 2

Project Number: 945

Real Estate Developer: ARISTOCRAT STAR REAL ESTATE DEVELOPMENT

Trust Account Number: 4498001154

Account Trustee Name: MASHREQ BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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Project Completion Status (as per DLD): 0% (as of Sept 21, 2017)

Dubai Land Classification & Escrow Account Details:

Project: The Royal Estates Plot 3

Land Number: 3

Project Number: 1514

Real Estate Developer: ARISTOCRAT STAR REAL ESTATE DEVELOPMENT

Trust Account Number: 019500000093

Account Trustee Name: MASHREQ BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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