It was announced in company's Annual Leaseholders Meeting held here in Dubai. The meeting was attended by several investors and top executives from the developer.
Mr. Saleh Abdullah Lootah, Executive Director of the Lootah Real Estate Development, while sharing the maser-plan of the revamp, achievievements till date and sharing the future plans, said:
"We keep an eye on new lifestyle requirements in Dubai and we align our communities with the new trends. Our Facility Management team has professionally addressed community issues, focusing the continuous enhancement of lifestyle of residents and profit for our investors. And we thank them for trusting us in our efforts put forth in our community."
With an estimated cost of AED 500 million, the Ewan Residences spans over two million square-foot area in Dubai Investments Park; consists of 83 buildings; each block comprises of 10 two-bedroom and two one-bedroom apartments. Ewan Residences is a secure, gated community with beautifully landscaped gardens with community facilities.
Being in close proximity with the New Dubai, Expo2020, business districts of Jebel Ali Freezone, Dubai Internet City, Dubai Media City, the Lootah Real Estate Development anticipated the need for an overhaul, branded it as 'The Ewan Rise' as a project, which includes complete revamp, renovation and restoration.
The Ewan Rise project master-plan will build additional retail and F&B zone, clinic, kids' pre-nursery care center, fitness club, , recreational and outdoor community amenities, revamped community swimming pool, tennis court, relocation of mosque in the heart of Ewan Residences, skate board park, longer bicycle and jogging tracks and private plantation area for all residents.
One of the major achievements this year has been the listing of Ewan Residences in RERA Rent Index. The residents are now able to see current rent of their apartments in Rental Increase Index over Dubai Land Department website and can register their Lease Agreements by themselves.
The executive director reiterated the commitment of making the Ewan Residences a leading community for high executives and their families in Dubai Investment Park.
As part of this commitment, the Lootah Real Development has established the vision of 'Strategy in Motion', which aims to offer lifestyle enhancements to residents in order to create a cohesive, secure and modern community for all stakeholders.
Mr. Saleh Abdullah Lootah also announced the launch of Go Stadia cricket academy and construction of a new Etisalat tower for better connectivity.
About Lootah Real Estate Development (LRED):
Since the inception of a well respected and an established Lootah Group five decades ago, Lootah Real Estate Development has acted as the pioneering real estate development arm of the Group. Through a culture of excellence and an unswerving commitment to provide the very highest standards of housing, Lootah Group's 6,000+ employees have not only achieved, but exceeded, the most ambitious goals. Over 1,000 units have been delivered to highly satisfied occupants in Ewan Residences, another property located in the Dubai Investment Park, with many more developments are planned for the future.
The Ewan Residences in Dubai Investment Park (DIP), developed by the Lootah Real Estate Development, was a huge success; Ewan Residences comprises 83 buildings with up to 12 apartments in each block. The apartment blocks have been designed in a unique manner to make them affordable to small, medium and large occupants companies and residence in Dubai. Ewan Residences is a secure, gated community with beautifully landscaped gardens, a state-of-the-art recreation centre, swimming pools, jogging tracks, and community facilities that include play areas for children throughout the complex. www.lootahdev.com
About SS Lootah Holding (SSLH):
SS Lootah Holding is a family-owned diversified business house with rich heritage and highly ambitious young leaders adorned with new ideas and innovative minds. The several SS Lootah Holding initiatives and companies are embodiments of the vision of Chairman Saleh Saeed Lootah, the founder and an iconic second generation leader guided by enduring values and global thought leadership.
SS Lootah Holding leads ventures across key industries: from Construction to Real Estate; Energy to Financial Services; Logistics to FMCG, among several others. The entrepreneurial culture of SS Lootah Holding has been the catalyst that brought home-grown businesses to the global scene. SS Lootah Holding is a driving force for the national and regional economic growth, progress and innovation with global reach.
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© Press Release 2016