The Heart of Europe, the US$5 billion (Dh18.3 billion) destination, will start handing over private villas and beach palaces to investors in December, as part of its phased delivery of residential and hospitality units.
The news comes as construction of St. Tropez, the 5th hotel of Phase 1, is nearing completion; it will recreate the environment and charm of the French Riviera town of St Tropez, with a private long beach, restaurants, promenade and luxury yachts and boats.
The ultra-luxury island will host around 4,000 units spread across 15 hotels and resorts in a cluster of inter-connected six islands and a floating Lido Island about 4 kilometres off the Jumeirah coast of Dubai. Phase I of the project will see the delivery of nearly 2,000 units including, mostly hospitality units spread in five hotels, in phases and will commercially open once the situation normalises after the Covid-19 pandemic.
Construction of the project’s landmarks, including the Floating Seahorse Villas, Sweden Beach Palaces, Germany Island Villas, Honeymoon Island, Portofino Hotel and Côte d’Azur Resort are progressing in full speed with all Phase I projects having topped out, while engineers are currently putting the finishing touches on the exterior facades and interior décor.
“At the beginning of the year, we made a commitment to deliver part of the Phase 1 of the Heart of Europe to the owners by the end of 2020,” says Josef Kleindienst, Chairman of Kleindienst Group. “At that time, we were not fully aware of the devastating effects of the Coronavirus pandemic and its magnitude.
“However, despite the challenges posed by the Covid-19 pandemic, we were determined to go ahead with our planned development and as the lockdown was announced in March, we shifted our entire team to the Heart of Europe islands and continued to construct. During the lockdown, we were isolated from the mainland and confined to the island and focused on construction.
“Now, I’m pleased to announce that, we are ready to hand-over residential units to home-owners so that they can fit out the interiors. This reflects our strong commitment to the investors and as they start taking over, I’m also excited to announce that we have started construction of the Phase II of the project – and plan to complete the development of the island by 2022.”
Since about 90 percent of the developments of the island are hospitality units, hotels and resorts will be opened when large-scale tourism traffic starts to pick up, he adds.
St. Tropez – an exclusive boutique hotel offering 200 keys – is gradually taking shape at the Heart of Europe. Part of the four-hotel Côte d’Azur Resort, it will add to the growing attractions of the Heart of Europe, once complete in a few months.