Acube Developments Unveils Vega Residential Tower in Dubai

Deal News | Jan 20, 2025 | Zawya

Acube Developments has announced the launch of Vega, a 23-floor residential tower located in Dubai Sports City, UAE. Inspired by the brightest star in the Lyra constellation, the Vega project is set to offer 131 luxury residential units ranging from studios to 3-bedroom apartments. Designed to blend comfort and style with nature, each unit will come equipped with the latest smart home technology. The tower will also feature over 35 amenities including an open-air cinema, sky pool, and various sports facilities. Construction commenced in Q4 2024, with handover expected by Q2 2027. Acube's commitment to quality and innovation is reflected in this project, aligning with the firm's vision for community-centric living spaces. The Vega offers strategic accessibility to major landmarks in Dubai and will provide various payment plans to suit different buyer needs. Several projects are also planned by Acube for 2025, indicating robust activity in the UAE real estate market.

Sectors

Real Estate
Construction

Geography

United Arab Emirates – The Vega project by Acube Developments is situated in Dubai Sports City, making UAE the geographical focus of the article.
Dubai – The specific location of the Vega project, a key city in the UAE, highlighting the urban development within Dubai.

Industry

Real Estate – The article revolves around the launch of a new residential real estate development, Vega, by Acube Developments in Dubai.
Construction – Construction began for Vega, a substantial 23-floor residential project, a crucial aspect of the real estate development industry.

Financials

Participants

Name	Role	Type	Description
Acube Developments	Developer	Company	A distinguished real estate developer in the UAE launching the Vega residential project.
Ramjee Iyer	Chairman & Managing Director	Person	The Chairman & Managing Director of Acube Developments, commenting on the project's vision and design.