Deal signed for Chedi Private Residences Downtown

Chedi Hospitality has signed a management agreement with Al Seeb Real Estate Development for the forthcoming Chedi Private Residences Downtown, an exclusive new address that will bring the brand’s essence A Voyage Unbound to the vibrant heart of Dubai.

The new development follows the remarkable success of The Chedi Private Residences Sheikh Zayed Road, which achieved 65% sales within months of its launch earlier this year. Building on that momentum and following the recent unveiling of The Chedi Residences Wadi Safar in Saudi Arabia, The Chedi Private Residences Downtown underscores Chedi Hospitality’s continued expansion with partners who share its values of excellence, trust, and cultural authenticity, said a statement.

“Our trajectory is clear — Chedi Hospitality is embracing its evolving role as a global house of refined living experiences,” said Stephan Schupbach, Chief Executive Officer of Chedi Hospitality. “Our legacy gives us strength, but our future is what drives us. The Chedi Private Residences Downtown reflects not only our continued vision for thoughtful growth but also the strength of our celebrated partnership with Al Seeb Real Estate Development. Together, we share the same pursuit of excellence and authenticity that defines The Chedi experience. Each new signing, whether a hotel or a residence, embodies our commitment to creating living experiences that are deeply personabale yet globally resonant, refined, connected, and timeless.”

Mahesh Kalwani, Vice Chairman of Al Seeb Real Estate Development, added: “Our collaboration with Chedi Hospitality has always been defined by trust, respect, and an uncompromising pursuit of quality. We are proud to work together again with Chedi Hospitality on a project that represents excellence in both form and spirit. The Chedi Private Residences Downtown will set a new benchmark for refined living in Dubai, blending Chedi’s world-renowned service culture with Al Seeb’s commitment to quality and craftsmanship. Following the overwhelming success of The Chedi Private Residences Sheikh Zayed Road, this next chapter reflects our shared vision to create enduring landmarks that elevate the city’s residential landscape.”

This signing reflects Chedi Hospitality’s deliberate and discerning approach to growth; one built on lasting partnerships and a shared pursuit of excellence. The collaboration with Al Seeb Real Estate Development stands as a testament to Chedi’s philosophy of delivering on its promise — creating meaningful destinations that marry thoughtful design, impeccable service, and a deep sense of place, it said. -TradeArabia News Service