| 29 August, 2017

RKM Durar launches J One towers by Dubai Canal

J One towers

J One towers

RKM Durar/Handout via Thomson Reuters Zawya

Twin-towers form a U-shaped complex with 356 apartments

Developer RKM Durar Properties has launched a distinctive new apartment complex on the banks of the Dubai Canal known as J One. The complex consists of a pair of curved towers forming a ‘U’ shape. Tower A has 19 floors containing 257 new studio, one- and two-bedroom apartments, while tower B will contain 90 two-, three- and four-bedroom units. It will sit on a site between the canal and Dubai Holding’s new Marassi Business Bay development.

Alongside the 356 apartments, the development will also house six villas and nine retail units.

Prices range from 825,000 UAE dirhams for a studio to 2.2 million dirhams for a two-bed unit. Tower A also contains temperature-controlled pools, Jacuzzis, spas, gyms, sky gardens and childrens’ play areas.

RKM Durar Properties is a joint venture between RKM Real Estate and Durar Al Emarat Properties.

RKM Real Estate was set up in 2005 and is owned by Sheikh Rashid Bin Khalifa Bin Saeed Al Maktoum. It already owns more than 1,500 properties housed in 42 buildings, including the Latifa Towers building on Sheikh Zayed Road.

Durar, which is Arabic for jewels, is a property development group chaired by Ibrahim Al Habib. It was was set up in 2008.

The joint venture has appointed Chestertons Mena as its selling agent for the project.

Salah Mussa, the chairman of Chestertons MENA, said: “The 3.2-kilometre extension of Dubai Canal from Business Bay to the Arabian Gulf, which opened in 2016, has created intense investment and development interest, which is borne out by the number of projects that have already been announced.

“The J One project is another standout development along this most sought-after stretch of real estate,” he added.

© Zawya 2017