Regalia ... A 70-storey premium tower.

Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, has launched Regalia, a AED1-billion ($272 million) luxury skyscraper in Business Bay offering a smart and high-end urban lifestyle.

A 70-storey premium residential building, Regalia will feature smart home-enabled apartments and offer a wide range of recreational and wellness amenities, including an Olympic-size infinity pool with private cabanas and jacuzzis, a state-of-the-art family gymnasium, a yoga pavilion, and an outdoor winter cinema.

According to Deyaar, Regalia will be the tallest tower it has ever built, featuring social amenities, such as barbecue and private dining areas, residents’ lounge and business centre, as well as indoor and outdoor children’s play areas. The amenities are nested within organic landscaping and great lawns.

Work on the project is to start this month and is due for completion in December 2024, it adds.

Announcing the new project, CEO Saeed Al Qatami says: “We are pleased to launch Regalia, our flagship skyscraper that will set a new benchmark for high-end urban living in the heart of the city. We anticipate that the project will appeal to investors as it has been designed to the highest international standards with an unparalleled collection of premium lifestyle amenities.”

With sleek, expressive and opulent architecture, Regalia will become a stunning landmark on Dubai’s ever-evolving skyline, he says. The elegant interiors combine timeless, contemporary design with high-level functionality and aesthetics, open spaces, high ceilings and floor-to-ceiling windows.

Vice-President (Sales) Nasser Amer says: “The project creates a sense of belonging to the community, through a range of carefully selected social, wellness and recreational amenities. The luxury apartments will also feature branded built-in appliances.

Deyaar, which is majority-owned by Dubai Islamic Bank, says the project will be offered with a 10 per cent down payment and a seven-year repayment plan.