Ithra Dubai, a wholly owned vehicle of the Investment Corporation of Dubai, has entered into an agreement with Cheval Collection to manage its newest mixed-use project.
The property is located in Barsha Heights, Dubai.
The announcement was made today at Cheval Collection offices in London.
In attendance were Mohammed Al Shaibani, chief executive of the Investment Corporation of Dubai, Khalifa Al Daboos, board member of Ithra Dubai, Cheval Collection managing director, Mohammed Almarzooqi and George Westwell, chief executive of Cheval.
The Barsha Heights project, to be operated by Cheval Maison, will offer more than 280 serviced and residential apartments, retail outlets, and luxury leisure facilities.
The architectural layout is characterised by a modern and sophisticated lifestyle concept to suit the aspirations of both families, businessmen and businesswomen, and international buyers.
Spacious apartments will cater for larger families, while smaller one and two-bedroom apartments and studios will meet the needs of couples or single occupants.
Ithra Dubai stated that the development is distinguished by high-quality design, distinctive architectural design features, and seamless management.
The new development will be managed and operated by Cheval Maison and will add to Ithra Dubai’s expanding portfolio of world class real estate developments.
Ithra Dubai manages and develops some of the most ambitious real estate projects currently being undertaken in Dubai.
Cheval Collection’s new Cheval Maison brand has been created as the ‘smart way to stay in the city’ and feel part of the neighbourhood.
Cheval Maison guests can choose a location and a smartly designed apartment to suit their needs and their budget with the confidence they’ll be living just like a local, without compromising on creature comforts.
Cheval Collection currently operates 512 apartments in eight Residences in super-prime central London locations.
Breaking Travel News caught up with George Westwell, chief executive of Cheval Collection earlier this year.
Take a look at his thoughts on the recent transformation of the company here.