ACI Real Estate, an affiliate of Germany’s Alternative Capital Invest, has made a strategic agreement with luxury motor yacht manufacturer Ferretti Group to develop a luxury waterfront residence in Dubai valued at over EUR 1 bn. The project will be called Marine Legends.
ACI Real Estate, an affiliate of Germany’s Alternative Capital Invest, has made a strategic agreement with luxury motor yacht manufacturer Ferretti Group to develop a luxury waterfront residence in Dubai valued at over EUR 1 bn. The project will be called Marine Legends.
Robin Lohmann, managing director of ACI Real Estate commented, 'Marine Legends reflect growing demand for high-end residences and concurrently aiming at providing an appropriate setting that unifies the requirement and aspirations of the emirate of Dubai to appreciate the waterline and improved water canal systems.'
Vincenzo Cannatelli, CEO of the Ferretti Group added: 'We have been thinking of UAE as our next destination for international expansion. The market offers a unique platform with a sound business environment that facilitates global business and investment. Dubai is well poised to become a leading global business capital and we are happy to join ACI to be part of this invigorative phase of growth.'
