Renowned Lebanon Developer Enters Dubai Market with AED 70M Residential Project in Dubai Studio City

DUBAI, UAE - March 29, 2023 - PRLog -- Abou Eid Real Estate Development, a renowned family developer with 35 years of successful residential experience in Lebanon and Turkey, is now expanding to the Dubai market with a AED 70M ($19.1 million) project, Celia Residence. The new development offers a collection of studios, one-bedroom, and two-bedroom apartments complete with smart technologies to meet the lifestyle demands of contemporary society.

Hussein Abou Eid, Chairman & Founder at Abou Eid Real Estate Development, said, "We are proud to enter the Dubai real estate market with our first project. The grand vision behind Celia Residence is to develop a bespoke and sophisticated statement of modern design, providing those in search of smart living with precision and intuitive architectural design. Whether you're looking for quiet privacy or communal activities within walking distance from home – this residential development has been conceived to meet all lifestyle needs. Our commitment at Abou Eid Development is to provide quality homes at sensible prices, and we are confident that our project will do well in this market as it has done in Lebanon and Turkey."

Celia Residence, set for completion in 2024, will be housed in a newly built standalone development of 4 stories, with 111 apartments consisting of 64 studios, 39 one-bedroom apartments, and 8 two-bedroom apartments. Only a 10-minute drive from Dubai Hills Malls, Celia is strategically located in Dubai Studio City, a vibrant family community that spans over 22 million square feet and connects residents to all corners of the city through Hessa Street. Aiming to make it more attractive for end users and investors alike, Abou Eid Real Estate Development offers a 5-year payment plan directly from them.

Dina Abou Eid, General Manager at Abou Eid Real Estate Development, added, "Located in a prime Dubai address, Celia now rises gracefully from its surroundings - offering everything that one might want for high-end living; all smart apartments come complete with quality kitchen appliances, as well as a central gas system. Celia Residence gives you an opportunity to invest at an affordable price with low entry points of AED 422,000 for studio apartments and returning up to 10% investment returns."

Contact D&B Properties, the exclusive representative of Abou Eid projects – to view floor plans and request further information about the flexible payment schedule.

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