ACI Real Estate and Ferretti Group launched two luxury waterfront residences, “Ferretti Luxury Beach Residence” and “Pershing Luxury Beach Residence.”

The two companies joined hands in what is believed to set new trends in luxury waterfront living.

The freehold ownership project branded “Marine Legends”, valued at about Dh6 billion ($1.6 billion) and located at the waterfront, offers a sprawling 1,969,607 sq ft of saleable area.

“We at ACI Real Estate want to blend Ferretti’s expertise into our real estate projects and provide our customers with the best of both worlds,” said Robin Lohmann, managing director of ACI Real Estate.

“The whole world is coming to Dubai and at ACI Real Estate we have found our match. This strategic venture is a result of mutual professional admiration and recognition of our common values.”

The twin tower Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence boast landscaped gardens amidst canal and sea views.

“With the Ferretti Group, we will develop an innovative concept: a waterfront project with one of the world’s most exclusive yacht brands, offering something different, something extra for those who demand only the best,' added Lohmann.

The project is slated for completion by 2011.-TradeArabia News Service