18 September 2016AED 550 Million total investments
Dubai - Lootah Real Estate Development today broke ground on The Waves, an elegantly designed state-of-the-art new building to be built at Shamal neighborhood site office, Al Barsha South .
The project is new milestone and testament of on-time and successful delivery of Shamal phase-one and phase-two, since the launch of Shamal neighborhood development earlier.
Lootah Real Estate Development, developing multiple projects at Al Barsha South with investments exceeding 550 million dirhams of upscale residential villas and apartments, studios and duplex apartments with high quality finishing.
Mr. Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, while commenting on this occasion, said: "We are delighted to announce The Waves, which is a testament of investor trust on Lootah Real Estate Development. All this have been made possible due to our committed team and inspiration we always receive from our stakeholders. In addition to that we are passionately moved by the progressive vision of UAE leaders.
Following on time completion, successful handing over of both phase-1 and phases-2 of Shamal projects, Lootah Real Estate Development immediately started plans to meet demands for new properties.
The Waves is designed to a specific lifestyle. This is because of a thorough research behind it, and an understanding of modern trends and requirements of communities.
The features of The Waves include: the external façade creating a commanding expression with its glass railing, glazing, aluminium doors, windows and louvers; the beautiful porcelain tiles and granite counters add color and verve to the pantry; functionality meets great style in bathrooms that are fitted with world-class bathtubs and vanity counters; the solid walnut veneered doors bring in some old world charm; lighting, painting and ceilings are done keeping in mind residents' needs and tastes..
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, and large number of high-end apartments and villas for both of Shamal Residences and Shamal Terraces projects at Al Barsha South with many more developments are planned for the future.
About SS Lootah Holding (SSLH):
Saleh Saeed 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 Saleh Saeed 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.
Saleh Saeed 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 Saleh Saeed Lootah Holding has been the catalyst that brought home-grown businesses to the global scene. Saleh Saeed 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