Shapoorji Pallonji, India’s esteemed real estate and construction conglomerate, has completed its inaugural international residential development, Imperial Avenue, in the heart of Downtown Dubai. This milestone marks a significant step in the company’s global expansion, bringing its 158-year legacy of engineering excellence to one of the world’s most dynamic real estate markets.
A Landmark Development
Rising 45 storeys, Imperial Avenue offers breathtaking panoramic views of the iconic Burj Khalifa and the Dubai Canal. The tower features a curated mix of one-to-five-bedroom apartments, opulent penthouses, and exclusive podium villas with private pools, designed to deliver a hotel-calibre lifestyle. The development includes a 10,000-square-foot grand entrance lobby and 21,000 square feet of retail space, enhancing its appeal as a premier residential address.
The project is equipped with an array of world-class amenities, including two infinity pools, a state-of-the-art fitness centre, indoor and outdoor children’s play areas, a theatre, a party hall, and a squash court. Sustainability is at the core of the design, with eco-friendly features such as solar panels and greywater treatment systems, reflecting Shapoorji Pallonji’s commitment to environmentally responsible construction.
Project Milestones and Investment
Shapoorji Pallonji has received the Building Completion Certificate from Dubai’s Real Estate Regulatory Authority (RERA), enabling the company to begin property inspections and handovers to homeowners. Construction began in September 2016, with an initial estimated completion date of June 2024. However, the project was completed in July 2025, resulting in a slight delay but a successful outcome.
Backed by a substantial investment of $381 million from London-based Hayfin Capital and the UAE’s Commercial Bank International, Imperial Avenue is projected to generate approximately $544.5 million in sales. The project’s global appeal is evident, with buyers from over 60 nationalities investing in the development, underscoring Dubai’s position as a magnet for international real estate investment.
Strategic Location and Market Confidence
Downtown Dubai, known for its vibrant lifestyle and proximity to landmarks like the Burj Khalifa and Dubai Mall, offers an attractive 8-12% return on investment for luxury properties. This made it an ideal location for Shapoorji Pallonji’s first international venture. Cyrus Engineer, representing SP International Property Developers, a subsidiary of Shapoorji Pallonji, emphasized the strategic choice: “Imperial Avenue is more than a luxury tower; it’s a statement of intent. By combining our Indian engineering legacy with Dubai’s futuristic standards, we aren’t just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai’s most prestigious address. Dubai’s ambition mirrors our own—to create iconic, sustainable landmarks. Downtown’s dynamism offered the perfect stage to debut our international residential expertise.”
A New Chapter for Shapoorji Pallonji
Founded in 1865, Shapoorji Pallonji has built a reputation for delivering iconic projects across India, including some of the country’s most notable landmarks. Imperial Avenue marks the company’s transformation into a global luxury developer, leveraging its expertise in civil engineering, MEP (mechanical, electrical, and plumbing), and high-end finishes. The project was developed through SP International, with Emaar Properties as the master developer, Archon Consultants as the architectural consultant, and Bauer International handling foundation work.
The development’s value, estimated at AED 587 million ($159.8 million) by the Dubai Land Department, reflects its significance in the region’s real estate landscape. With sales expected to reach AED 2 billion ($544.5 million), Imperial Avenue is a testament to Shapoorji Pallonji’s confidence in Dubai’s future-ready real estate market.
Contribution to Dubai’s Skyline
The completion of Imperial Avenue enhances Shapoorji Pallonji’s global portfolio and contributes to the evolving skyline of Downtown Dubai. The project aligns with Dubai’s vision for sustainable urban development, integrating smart technologies and eco-friendly practices. As the company celebrates this achievement, Imperial Avenue reinforces Dubai’s status as a hub for luxury living and global investment, attracting discerning buyers seeking a blend of elegance, innovation, and high returns.
Project Details
| Detail | Information |
| Project Name | Imperial Avenue |
| Location | Downtown Dubai |
| Developer | Shapoorji Pallonji (via SP International) |
| Building Height | 45 storeys |
| Unit Types | 1-5 bedroom apartments, penthouses, podium villas with private pools |
| Amenities | Infinity pools, fitness center, recreational areas, theatre, squash court |
| Sustainability Features | Solar panels, grey water treatment |
| Lobby Size | 10,000 sq. ft. |
| Retail Space | 21,000 sq. ft. |
| Investment | $381 million (AED 1.4 billion) |
| Projected Sales | $544.5 million (AED 2 billion) |
| Target Market | Buyers from over 60 nationalities |
| ROI for Luxury Properties | 8-12% |
| Construction Start | September 2016 |
| Completion Date | July 2025 |
| Master Developer | Emaar Properties |
| Architectural Consultant | Archon Consultants |
| Foundation Work | Bauer International |
