Swank Development Introduces “Lua Residences” to Dubai’s Luxury Real Estate Market
Swank Development introduces its luxurious “Lua Residences” project in Meydan, aligning with Dubai’s vision to offer an exclusive lifestyle and an unmatched living experience for all.
2 min
Swank Development unveiled its exceptional “Lua Residences” project, located in the Mohammed bin Rashid City in Meydan. The project, with a total cost of over 320 million dirhams, was launched during a distinguished event attended by a group of VIPs and investors.
A New Chapter for Swank Development
This project marks a new chapter for Swank Development and is its first project that falls in line with Dubai‘s vision to provide an exclusive lifestyle and an unparalleled living experience for everyone. “Lua Residences” is distinguished by uniqueness, offering a limited collection of 42 villas ranging from 4 to 6 bedrooms that integrate high-end interior designs that cater to the diverse needs of residents, in addition to providing a unique living experience that enhances the quality of life and surpasses their expectations.
The project is set in a strategic location that provides easy access to Dubai’s most prominent landmarks, while also offering a tranquil haven away from the city’s hustle and bustle. This gated community offers a multitude of external amenities that cater to the needs of every resident such vast open spaces, a crystal lagoon, sports facilities, a mosque, retail shops, supermarkets, schools, and medical clinics…
Exquisite Finishing and Smart Layout
The allure of “Lua Residences” lies not only in its location but also in the exquisite finishing and smart layout of each villa, and the smooth attention to the smallest details. From an architectural standpoint, the project exudes a refined European character that caters to all aspects of life. As for the villa units, each offers a diverse range of exclusive amenities that elevate the living experience such as private pools, interior elevators, landscaped gardens, and innovative solutions such as smart home technology and sustainable practices that create a living space that transcends from the ordinary to ensure a healthy and luxurious lifestyle.
Moustafa Elsaid, Managing Director and Board Member of Swank Development, stated: “As Dubai continues to thrive as one of the happiest and safest cities in the world, and with its remarkable ability to attract top investors from around the globe, we are witnessing a growing demand for high-end residential units. This has driven us to showcase our capacities and expand residential development by launching a project that embodies the essence of luxury, elegance, and practicality in Dubai.
Elsaid added that “Lua Residences” embodies the European ethos in shaping modern lifestyles that embrace luxury and refinement. Through this project, the company aims to establish a prominent position in the Emirati real estate market, attracting more investors, and achieve remarkable success locally and regionally.
Elsaid concluded that Swank Development is aiming to expand its real estate portfolio by acquiring more lands to develop future projects and is currently in the design and planning phase for its upcoming project which will be announced soon.
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To empower local talents in the fashion industry
3 min
The Chalhoub Group has unveiled the second edition of the Fashion Lab, an innovative initiative designed to support and nurture local fashion talent in Saudi Arabia. Powered by The Greenhouse, Chalhoub Group’s hub for innovation and entrepreneurship, and in collaboration with the Saudi100 program, the Fashion Lab opens its doors to a new cohort of Saudi Arabian fashion brands specializing in ready-to-wear, accessories, handbags, and jewelry.
Fashion entrepreneurs across the Kingdom are now invited to apply for this intensive six-month program. The Fashion Lab is crafted to provide participants with an intensive curriculum that covers essential aspects of fashion business fundamentals, commercialization strategies, and entrepreneurial skills.
This initiative is a testament to Chalhoub Group’s dedication to contributing to Saudi Arabia’s Vision 2030, fostering local talent, and driving innovation within the Saudi fashion industry.
Joaquin Mencia, Chief Innovation Officer at Chalhoub Group, commented: “The Fashion Lab is yet another testament to Chalhoub Group’s unwavering commitment to fostering innovation and excellence in the Saudi fashion scene. After the great success of the first cohort of the Fashion Lab, we are launching Cohort 2 with double the efforts and expanding our perks for the next batch of Saudi fashion brands. With the exciting addition of The Greenhouse’s newly opened location in Riyadh, we are well-prepared to host Cohort 2 in a dynamic environment designed to nurture creativity and innovation. We are committed to providing an unparalleled experience that will empower the next generation of Saudi fashion brands to thrive and reach new heights.”
The first cohort of The Fashion Lab produced remarkable success stories that highlight the program’s impact. Brands like KAFBYKAF have gone on to receive significant acclaim. “The Fashion Lab gave KAFBYKAF the unique experience of selling on a Chalhoub Group platform and receiving guidance and exclusive access to senior leaders and retail experts from the Group, which was incredibly valuable to my brand,” said Kawthar Alhoraish, Founder of KAFBYKAF. “I recommend this program for any brand ready for acceleration.”
“Having worked closely with the brands in the first cohort of The Fashion Lab, I have witnessed firsthand the incredible talent and potential within the Saudi fashion industry,” said Joseph Chalhoub, General Manager of Fashion KSA at Chalhoub Group. “This program is a transformative journey that provides real support, knowledge sharing from retail experts, and commercial opportunities for local brands to thrive.”
This year’s cohort will offer ten Saudi brands a unique chance to gain mentorship and guidance from prestigious partners such as Boltable Studios, Instagram and Snap Inc. The program will be hybrid, based out of Riyadh, and will feature approximately 30 exclusive mentorship and workshop sessions. Successful applicants will have the rare opportunity to bring their collections to life on one of Chalhoub Group’s sales channels.
For more information and to apply, visit The Fashion Lab’s official webpage from June 27 until July 18, 2024, on the following link:
https://www.chalhoubgreenhouse.com/thefashionlab
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
