AMAL GROUP OF COMPANIES INVESTS THB11 BILLION IN “GARDENS OF EDEN” IN RECORD-BREAKING PROPERTY INVESTMENT IN PHUKET
Phuket’s coming of age as a global destination marked by first foray into Thailand for Dubai-based DPD Invest, backers of “green living” project located on prestigious Bangtao Beach
Amal Group of Companies has unveiled Gardens of Eden www.eden-phuket.com on Bangtao Beach, a 73-rai luxury wellness residential and hospitality community dedicating 70% of the land to open spaces populated with botanical gardens and active green areas. With investment capital of THB11 billion (USD315 million), an inspiring vision of sustainability and well-being are at the core of the project, a clear indication of the growing maturity of Phuket as a multi-cultural lifestyle destination highly sought after by the international community.
The rapid growth of the island post-pandemic is astounding, with 10.1 million airport arrivals by September 2023 alone indicating record-breaking numbers by the end of the year. The real estate sector has soared. Currently valued at THB27,508 million, it is fueled by a market boasting nine hospitals, 13 international schools, eight retail malls, four marines, six golf courses and 26 beaches, enticing global buyers to Phuket.
The major change has been that these markets, led by Russia, China, India and Europe, are increasingly not buying for investment, but for relocation purposes as families search for a better life, according to The Phuket Report https://www.c9hotelworks.com/wp-content/uploads/2023/12/2023-2024-the-phuket-report.pdf by C9 Hotelworks released today.
It is into this dynamic market that Gardens of Eden arrives, a nature-inspired wellness community setting a new benchmark for large-scale developments on super prime locations on the island, daring to develop a project with sustainability at its heart and where nature is the true timeless luxury.
Amal has engaged an impressive trio of industry leaders to bring the project to life: award-winning holistic designer and landscape architect, Martin Palleros founder of Tierra Design; former CEO of Laguna Phuket Ravi Chandran in the role of corporate affairs; and global wellness expert Ingo Schweder, founder and CEO of GOGO Hospitality. The team is led by CEO Aleksandr Chuvalov, handpicked by DPD Invest for his expertise in luxury international residential development.
“By 2050, 70% of the world’s population will be living in an urban environment causing severe impact to people’s health and wellbeing,” says Palleros. “We need to re-think the design of future sustainable cities to ensure they are more livable. This is a challenge we are taking on at Gardens of Eden.”