A luxury Dubai property developer has reached a milestone at an apartment project after pouring 7,500 sq m of concrete for the scheme’s basement in 50 hours.
Al Fara’a Properties said the initial work on the ‘Manhattan’ real estate scheme, Jumeirah Village, had been a success.
When complete the development will feature 343 1930s New York-style homes, involving studio, one, two and three-bedroomed property.
First launched in 2007, the scheme is also set to offer one of the best fitness facilities in the region’s residential real estate market, including a “world class” gym.
Jumeirah Village is a multi-developer scheme planned by real estate giants Nakheel, featuring some of the emirate’s more luxurious villa and apartment property.
Natasha Gangaramani, director of Al Fara’a Properties, said: “Despite market dynamics, Al Fara’a Properties remains committed to the scheduled delivery of the Manhattan luxury apartments project.
“Not only have we deployed a 1,200-strong workforce, but a leading team of experts continue to lead this project, within planned time frames to its successful completion.”
Work will have to be quick too – property in the development is still for sale at AED 425,137 ($115,000) and up via PropDubai.com, with the listing of a completion date of July this year.
Founded in 1980, Al Fara’a is the flagship real estate company of Al Fara’a Construction Industrial and Property Group – with AED 4 billion ($1.08 billion) worth of projects filling its portfolio.
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Thats great.Market has started improving once agin.I hope it wil reach normal as soon as possible