IFA Hotels & Resorts is an international company leading the development and sale of luxury hotels and resort properties in Europe, India, Africa and the Middle East. It was founded in 1974. The head office of the developer is located in Kuwait. Work on the company’s major projects is conducted in such major cities as Dubai and London.
The company is managed by Talal Jassim Al Bahar. He led it through a listing on the Kuwait Stock Exchange in January 2006. Under his leadership, the firm has tripled in size and now covers North America, Asia, Europe and Africa.
Talal Jassim Al Bahar has helped IFA Hotels & Resorts to forge strategic alliances and joint ventures in the Middle East with leading names such as Kingdom Hotel Investments of Saudi Arabia and Nakheel of the United Arab Emirates. The company started working with the well-known brands: Fairmont Hotels and Resorts, Kempinski Hotels, Mövenpick Hotels and Resorts, and Sheraton Hotels and Resorts.
The developer’s most popular projects in Dubai include:
The 8 is located on the artificial island of Palm Jumeirah. It is a multifunctional eight-storey complex, which offers hotel and residential apartments, penthouses and townhouses. Residents have access to swimming pools, parking, a coffee shop, a specialty restaurant near the sea, security, and a playground. Minimum price starts from AED 1,956,110 (USD 533,000).
Balqis Residence Townhouses are an apartment complex that offer four-bedroom townhouses. These apartments have a beautiful view over the bay of Dubai. The townhouses include private pools, garages and landscaped gardens. Nearby there are many stores, cafes and restaurants. The average price for the apartments is AED 20,000,000 (USD 5,444,843).
Balqis Residence Villas are detached houses that are located on Palm Jumeirah at The Kingdom of Sheba. There are 34 villas with 4-5 bedrooms on the artificial island. Residents have access to a special conference room, and a private beach club. The starting price for a house starts at AED 13,000,000 (USD 411,000).
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