· New joint venture with Dubai South
· Development to bring forward 1,150,548 Sq. Ft. of residential units
Dubai - Lootah Real Estate Development, one of the region’s prominent modern real estate developers, today issued a call for bids for the master plan design of its new joint venture with Dubai South. Design companies will be asked to submit a master plan for the 1,150,548 square feet residential project within the Dubai South Residential District. Bidders will demonstrate their full complement of services addressing the project’s built environment and design. Submitted plans will stand by Lootah Real Estate Development’s commitment to provide the very highest standards of living.
As per the signed agreement with Emirate's flagship urban project- Dubai South, Lootah Real Estate will further develop the project offering world-class community living within an urban environment. The Residential District will boast around 10,000 residential units between villas, townhouses and apartments by 2020 - housing an estimated 35,000 residents. Adjoining the Expo 2020 site, the Logistics District and a staff village, Dubai South's Residential District includes schools, nurseries, hospitals, retail outlets, F&B options, a post office, swimming academy and a sports centre.
Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development said: “We are looking forward to envisioning the project and witnessing its transformation into a reality. We are expecting to see inventive planning and design that reflects our culture of excellence and commitment to build innovative world-class communities. The assigned company will be responsible for the visioning, strategic planning, urban design Frameworks, design guidelines and innovative solutions that respond to the specific conditions of the project”.
“We are very keen to help and develop this project with the highest quality and standards. Having an unrivaled master plan in place is vital to create high-end community living that achieves customer satisfaction” he added.
Translating the brand USP within the upcoming project, Lootah Real Estate plans to deliver innovation and luxury without missing on affordability. The project is part of a thriving urban area which will house some of the much-awaited project like the Expo 2020, Al Maktoum Airport, as well as the free zones and Business Park of Dubai South.
More information about Lootah Real Estate Development can be found at www.lootahdev.com.
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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.
© Press Release 2017
