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|30 October, 2017

Lootah Real Estate Development delivers 50% of construction work on the waves residential property

Lootah Real Estate Development, one of the region’s prominent modern real estate developers, today announced the completion of 50% of the construction work on its new residential property The Waves. Located at the Jumeirah Village Circle, one of the most

The property will cater to a specific residential lifestyle

Conveniently located at Jumeirah Village Circle in the heart of new Dubai

Lootah Real Estate Development, one of the region’s prominent modern real estate developers, today announced the completion of 50% of the construction work on its new residential property The Waves. Located at the Jumeirah Village Circle, one of the most accessible areas of Dubai, the residential property will provide the essential requirements of communities while ensuring the very highest standards of living.

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Comprising of two elegantly designed state-of-the-art buildings offering 135 units in total. The towers are planned to maximize views and community interaction without compromising on personal space and privacy.

The exciting new development will feature Studios, one bedroom and one bedroom loft apartments ranging from areas of 485 Sq.ft to 2,000 Sq.ft. Beautifully proportioned and finished to the very highest of standards, the interiors celebrate extraordinary vistas of Dubai's skyline and reflect unique influences of modern design. Generous living spaces are flooded with natural light through floor-to-ceiling windows.

Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development said: “We are very pleased to announce that we’re halfway through delivering this exciting property as per schedule. Today we have completed 50% of the construction work and are looking forward to introducing this residential property to the prosperous Dubai real-estate market. Customers can look forward to the highest quality standards in every aspect of the project, and will enjoy a world-class community that offers a fulfilling, rewarding life”.

“The project broke ground in September last year, and we expect to hand it over prior to Q4 2018 as previously communicated due to the progress of construction work till date.” he added.

The amenities provided in The Waves include grand lobby, first-class swimming pool, state-of-the-art gymnasium with steam room and sauna, modular kitchen designs, covered parking spaces, etc.

Furthermore, investors and potential leaseholders can benefit from a variety of flexible payment plans, making the development a lucrative proposition for home buyers.

More information about Lootah Real Estate Development can be found at www.lootahdev.com.

-Ends–

About Lootah Real Estate Development:
Since the inception, Lootah Real Estate Development has acted as the pioneering real estate development arm of Lootah Holding. Through a culture of excellence and an unswerving commitment to provide the very highest standards of living, Lootah Real Estate Development’s employees have not only achieved, but exceeded, the most ambitious goals. Already over 1,000 units have been delivered to satisfied occupants, with many more planned for the future.

Lootah Real Estate Development successfully launched Ewan Residences in Dubai Investments Park and Shammal Terraces in Jumeirah Village Circle. Ewan Residences, comprises 85 buildings with up to 12 apartments in each block. The apartment blocks have been designed in a unique manner to make them suitable to own or rent. 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 a shopping centre and play areas for children throughout the community.

Recently, Lootah Real Estate Development handed over its new freehold project to numerous proud buyers. The project comprises 259 studios and 1 bed loft apartments. This aesthetically appealing landmark offers a superlative swimming pool, state-of-the-art gymnasium and an invigorating sauna. Winner of the prestigious International Real Estate Award, 2016, Shamal Residences features exceptionally high quality construction, imaginative interior design and a charm and ambiance of its very own.

For further information, please contact:
Dina Bajjali
ASDA’A Burson-Marsteller
Email: Dina.bajjali@bm.com
T: +971 4 4507600

© Press Release 2017

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