Gemstone appoints Tamleek Real Estate Co.to oversee the marketing and sales of Kempinski Residences Business Bay

Dubai, UAE, 20th August 2016:Gemstone Real Estate Development (Gemstone) today announcedthe appointment of Tamleek Real Estate Co.as the exclusive sales agent for its Kempinski Residences Business Bay development, the five-starserviced residencesin Business Bay,following the recent signingof its strategic partnership with Kempinski Residences S.A.
Headquartered in Dubai, Gemstone is the property development arm of Al Rajhi Holding Group,one of Saudi Arabia’s leading business houses with interests in real estate, building materials, contracting, infrastructure and industry.
Featuring luxuriously furnished, fully serviced residences with spectacular views of many of Dubai’s iconic landmarks, the project is expected to be completed by Q4 2019.
Mr. Federico Tauber, CEO of Gemstone, said: “With its best-in-class facilities and its focus on providing personalized experiences to owners and guests, Kempinski Residences Business Bay will set new benchmarks in high-end lifestyle, quality of life, convenience and return on investment. We are pleased to sign withTamleekto managethe marketing and sales functions of our prestigious Business Bay project. Tamleek enjoys a strong reputation in the market and has an enviable track record in luxury residence sales. We are anticipating, right from this point, solid investor response to this world-class property that represents a compelling new addition to Dubai’s growing luxury real estate scene.”
Dr. Brian Etemad, Esq. CEO of TamleekReal Estate Co. said, “As a luxury project, Kempinski Residences Business Bayoffers a diverse range of add-on valueto investors – from entertainment and leisure to relaxation and the utmost convenience. Our highly motivated and experienced sales consultants are experts in catering to the demands of the most distinguished client requirements. We are confident that with its many enhanced lifestyle offerings,Kempinski Residences Business Bay will strongly appeal to investors looking for upscale investment residences in a prime area.With the immediately ready-to-visit model homes, our valued clientswill have the opportunity to get a realistic look and feel of these spacious and luxury residences.”
Investors will be able to choose from a wide range of stylish residence layouts, ensuring this freehold property appeals to a diverse range of tastes and desires. In addition, every home is equipped with European-branded kitchens and appliances, home automation and security, and premium quality furniture, fixtures and fittings.
The signing ceremony took place on August 18th, 2016 in the presence of Mr. Federico Tauber,Dr. Brian Etemad Esq. and other senior officials from Gemstone and Tamleek Real Estate Co.