Asteco, a leading real estate consultancy and property management firm, said it has been appointed as the exclusive sales agent for the Stella Maris Tower in the popular Dubai Marina district in Dubai, UAE.

Under development by Abu Dhabi-based developer Bloom Properties, the luxury 52-storey residential tower will feature 313, one-, two- and three-bedroom apartments plus a select number of four-bed duplexes, townhouses and penthouses, with a scheduled completion date of end 2018.

The tower is located at the southern end of Dubai Marina with views of the upcoming leisure destination known as Bluewaters Island, which will be home to the world’s largest ferris wheel, the 201-m-high Dubai Eye.

Overlooking the Dubai Marina skyline and Arabian Gulf, facilities at the ultra-exclusive Stella Maris Tower will include 24/7 concierge services, a private clubhouse, swimming pools, world-class spa, visitors parking, gymnasium, running track, lounge area, and indoor and outdoor play areas for children.

“With groundbreaking projects in frontier markets such as Iraq and Algeria, the Dubai Marina project will put Bloom Properties firmly on the Dubai real estate map, with a community-centric development that epitomises the marina lifestyle,” remarked Sean McCauley, the director (Agency) at Asteco Property Management.

“Units at the Stella Maris Tower are available on a three-year payment plan, which, combined with the highly desirable location, underscores an attractive pricing structure for investors to add to their current property portfolio or as a more manageable step onto the Dubai real estate ladder,” he added.

“We identified Asteco as a trusted partner and market leader. The Stella Maris Tower is a landmark development for Bloom Properties, and an integral addition to our expanding global portfolio,” remarked Sameh Muhtadi, the CEO of Bloom Properties.

A subsidiary of National Holding, the company is dedicated to developing sustainable and integrated communities.

Prices for the apartments start from Dh1.2 million ($326,630) for a one-bedroom unit, Dh2.1 million ($571,600) for a two-bedroom unit and Dh3.8 million ($1.03 million) for a three-bedroom home, which range in size respectively from 700 to 2,400 sq ft.

The 12 four-bedroom duplexes start at Dh5.1 million ($1.38 million) and offer expansive living and entertainment areas along with views of Bluewaters Island, Sheikh Zayed Road and Dubai Marina. The development also includes a limited number of six townhouses starting at Dh4.8 million ($1.3 million) of 3,130 sq ft and two penthouse units.-TradeArabia News Service