LK Property Group presents to UAE investors Capitol Grand, Australia’s first six-star residential and luxury retail destination

One of Australia’s most successful prestige residential property developers has lauded Dubai’s incredible performance in the global luxury property market while presenting Australia’s most exclusive lifestyle destination to an audience of realty investors in Dubai. 

“The leadership position that Dubai has earned in the international luxury realty market is due to a series of internationally acclaimed landmark developments that have been purchased by the most discerning of buyers,” said Larry Kestelman, Executive Group Chairman of leading Australian property developer, LK Property Group. 

Kestelman’s observations came during an event organized by LK Property Group to introduce its iconic AED 2.1 billion development, Capitol Grand – Australia’s first six-star residential and luxury retail destination – to UAE and Gulf investors.

LK Property Group has announced that apartment sales in Capitol Grand have already exceeded $AUD200 million (AED541.56 million). 

“Sales of Capitol Grand apartments have been very strong back in Australia and we have chosen to come to Dubai to introduce this landmark project because property buyers in Dubai and the Emirates have shown an enormous interest in purchasing and investing in iconic developments,” said Kestelman. 

Kestelman said travelling between Dubai and Melbourne has never been easier with Emirates flying direct between the two cities daily. Additionally, with Qantas Airlines and LK Property Group offering up to 2 million Qantas Points to off-the-plan buyers, travelling between the UAE and Australia will be a luxurious affair.

Also of good news to buyers of Capitol Grand residences is that they will only need to pay a 10% deposit and 90% on completion. There will be no progress payments. 

Capitol Grand will be located in the exclusive Melbourne suburb of South Yarra and will set a new benchmark for luxury apartment living in Australia. 

Designed by world-renowned architects Bates Smart, Capitol Grand combines exclusive residences with luxury retail to create the ultimate lifestyle destination.

LK Property is currently conducting investment presentations for investors and buyers based in the UAE at
48 Burj Gate, Sofitel Hotel Dubai Downtown. The presentations will continue until 7th June 2016. 

“We are proud to lead the way in luxury property development in Australia by launching Capitol Grand and we are thrilled with the response we have received from UAE and Gulf buyers,” said Kestelman while addressing a group of investors.

Capitol Grand comprises three levels of luxury retail with a collection of upscale residences above that will be joined to the spectacular 50-storey LK Tower.

LK Tower will showcase stunning contemporary design, opulent apartments and state-of-the-art amenities, including private dining rooms with gourmet kitchens, theatre rooms, a library, gymnasium and lap pool.

“The jaw-dropping views, lavish facilities and the flagship retail precinct are one of a kind,” said Kestelman.

Residents living on Level 33 and above will have exclusive access to the Azure Club, which will house a private lounge, gym and function facilities, as well an infinity pool; a spectacular elliptical showpiece that will amaze with its incredible vistas of the Melbourne skyline and Port Phillip Bay. And as a further mark of its sheer uniqueness, all Capitol Grand residents will be serviced by a 24-hour New York-style concierge. 

Capitol Grand was awarded ‘Best High-Rise Development Australia’ at the 2016 Asia Pacific Awards, ‘Best Retail Development Australia’ at the 2016 Asia Pacific Awards, and ‘Best Luxury Developer in Asia Pacific’ 2015 by iProperty.com Malaysia.

“Melbourne real estate is a market that remains largely untapped among UAE investors,” remarked Kestelman. 

“At LK Property we think Capitol Grand is the perfect opportunity for Gulf investors to purchase in Melbourne and see our fabulous city and experience its incredible lifestyle firsthand.”