The project is six floors low-rise building with fashionable architecture and its part of the Arjan Master Community AED 20 billion development project
Dubai- 28th January 2008: Triveni Builders and Promoters Ltd (TBPL), a Dubai-based developer wholly owned company by the Triveni Trading Group, today announced the launch of its AED 100 million La Fontana di Trevi apartments in Dubai. Located near Arabian Ranches - just off Emirates road and upcoming Dubailand - La Fontana di Trevi is a six floors low-rise building with fashionable architecture. It is built in Chicago buildings style, adapting large "Chicago windows," metal-frame construction, distinctive bays, and terra cotta cladding. This stylish Master planned neighborhood is sure to appeal to US, UK and European Expats who are not used to living in High Rise Concrete Towers.
The new complex offers unmatched convenience to frequent flyers being just 18 minute away from the existing Dubai International Airport and even less from the planned Dubai World Central, Airport. It is strategically located within close driving distance from the Mall of Emirates, Gold and Diamond Park and the Burj Al Arab Hotel. It is, also, conveniently surrounded by retail and entertainment outlets including restaurants, coffee shops, hotels and parks.
"We are proud to contribute to the development of property sector in Dubai, which is witnessing an increasing demand for quality housing units and scarcity of supply, with such a state-of-art project which combines the latest in architectural designs and a true definition of luxury and comfort in one," said Ashok J Galgotia, the CEO of Triveni Builders and Promoters Limited . "The La Fontana apartments will bring a radical change, offering expat families in Dubai an affordable option for quality living."
According to recent studies, the projected expansion in Dubai's population - projected to be 1.845 million- will create demand for more than 43,000 additional residential units annually through to 2010. The scarcity of housing units and the overall constraints in supply, however, still regarded as the main contributors to the high inflation rates in Dubai which expected to cross 10 percent. But according to UAE Central Bank, once additional housing unit enters the market, Dubai is expected to witness substantial decline in inflation.
The uniqueness of the La Fontana is reflected through the distinctive design of the apartments which based on judicious use of light and space, surrounded by calming greenery all around. Every apartment has the convenience of a secure and covered parking, modern fully equipped gym and sauna, jogging tracks, children's play area, and walkways for the elderly. To meet the demands and aspirations of the most discerning of residents, Arkiplan Consulting Engineers have divided each floor to twenty-one well appointed apartments: three studios, twelve one-bedroom and six-two bedroom apartments.
"We took care of every little detail, the parking standards, the internal and external landscaping; all were designed to meet the residents' ultimate wishes. That's in addition to the fact that this project is beautifully surrounded by green spaces with trees and flowers which will energize the resident's mind, body and soul," added Galgotia. "It is said that, once you throw a coin in the spring water of 99AD Italian monument based in Rome namely "Fontana Di Trevi" or "Fountain of Trevi" you keep returning to Rome again and again. It is the same with us here in Triveni, once a customer, always a customer. This is our mission."
La Fontana is part of the Arjan Master Community which includes residences, schools, parks, hotels, offices, retail and leisure. Mizin, a member of Tatweer (subsidiary of Dubai Holdings) is the project's master developer. All Mizin projects are being planned to be Unique. "Dubai Eye "the giant Dubai Wheel to become landmark of Dubai will be based in this community. One of World's largest purpose built "open air" amphitheatre for holding big events in Dubai will also be based in this community.
Triveni Builders recently established its own Escrow account with Badr Al Islami Bank to protect all its existing and future property owners and investors. The company is a subsidiary of Triveni Group which was founded in 1993 in UAE as a developing engineering company involved in electrical and mechanical engineering products.
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About Triveni Trading Group:
Triveni Trading Group was established in 1993 in the UAE as a trading company. In 1997, the company transformed into Limited Liability Company registered with Economic Department and Chamber of Commerce, Sharjah.
The company is involved in electrical and mechanical engineering products and particularly in plastics and packaging. It represents exclusively various multinational companies from US, UK, Italy, Singapore, Taiwan and Hong Kong. Most of these companies are leaders in their respective fields and Triveni has been pioneer in promoting them in the Middle East. It also owns industrial and trading enterprises in construction, packaging, health and beauty sectors.
For more information, please contact:
Ashok J. Galgotia
CEO
Triveni Builders and Promoters Limited
Tel: +971 4 2859967
Fax: + 971 4 2859968
Mobile: +971 50 6467850
Email: infohomes@triveni.ae
For media requests, please contact:
Jean-Renaud Durbin
The CONTENT Factory
P.O. Box 29764, Dubai - United Arab Emirates
Tel: +97143341880
Tel 2: +97143372824
Fax: +97143372825
Mobile: +971506953301
E-mail: jr@tcf-me.com
© Press Release 2008
