· Al Ghurair Properties launches visionary projects amid positive boom

· Al Ghurair Properties to construct 58 distinctive residential projects across Dubai

· UAE based developer to launch new-age homes with high quality infrastructure

An increasing demand by UAE residents for quality homes, coupled with a boost in business and new entrants into the job market, has led one of the UAE's longest established developers to significantly invest in the sector.

Dubai, UAE: Al Ghurair Properties, the pioneering real estate developer managing commercial, residential, hospitality and mixed use developments, announces a new wave of projects across Dubai, as part of the company’s vision to uplift the property offering in the city.

According to reports from real estate agency, JLL MENA, as a result of Dubai’s improving economy, it is predicted that there will be an upward trajectory in the property sector. To support this momentum of growth, Al Ghurair Properties is steadily taking steps to cater to the rising demands and further alleviate the current sector.

The 5 Billion Dirham developments will comprise of 58 buildings in a sustainably built layout that will include 8,000 residential units and 350,000 square feet of retail units. The visionary projects will be developed in various areas in Dubai, including; Deira, Bur Dubai, Al Barsha, Al Qusais, and Al Warqa district. The developments aim to strengthen the socioeconomic fabric of the emirate by delivering quality living and commercial spaces.

Al Ghurair Properties, which stands for quality and smart functional residential and commercial facilities, offers practical and functional spaces with the latest fittings and amenities. Moreover, its projects are built as per the latest green building codes and come with energy efficient fittings to conserve power. The company will also offer quality amenities and maintenance services to ensure ultimate comfort and safety to its tenants.

Commenting on the launch, Sultan Al Ghurair, CEO of Al Ghurair Properties, said, “We started these projects with a focus on revitalizing the housing segment in Dubai. We identified an upward trend in the present residential market and are currently aiming to optimize the positive turn.”

“Furthermore, these projects reflect Al Ghurair Properties’ in-depth understanding of the market needs and our commitment to providing the type of residential destinations that support the creation of a healthy real estate market in the Emirate”. Concluded Mr. Sultan.

Throughout the development’s building process, Al Ghurair Properties will work closely with the finest partners to ensure the creation of top quality and sustainable destinations that meet the needs of all segments of Dubai’s growing population, and that will be at the heart of the Emirate’s continued economic growth and diversification. 

The projects’ infrastructural work began earlier this year, with the first building due for completion by the end of 2017.  The remaining 57 projects are scheduled for completion by Q4 of 2020.

About Al Ghurair Properties
Al Ghurair Properties is the real estate development and asset management arm of Al Ghurair, one of the largest diversified conglomerates in Dubai. As one of the few developers, the organization carries the legacy of developing a large number of properties in different parts of Dubai that helped expand the property market of the city. Al Ghurair City remains its largest asset with 343 well-maintained apartments, 200 retail outlets, an office block, three car parking facilities a Cineplex, a food court, a Dining District, in addition to, Al Ghurair Hotel, a five-star luxury hotel with 428 keys; and Al Ghurair Living, a deluxe service apartment block with 192 keys, managed by AccorHotels, all connected through a three-level podium that connect the facility.

© Press Release 2017