Lootah sees Dubai Investment Park projects on track

Projects coming up within Ewan Residences development

  
Image used for illustrative purpose. Labourers work at a construction area in Dubai .

Image used for illustrative purpose. Labourers work at a construction area in Dubai .

REUTERS/Ahmed Jadallah
Lootah Real Estate Development said steady progress was being made on its key projects coming up within Ewan Residences development at Dubai Investment Park (DIP) including the AED70 ($19 million) development The Edge.
 
Ewan Residences is Lootah’s pioneering mixed-use gated community that offers residents an all-encompassing living experience, integrating efficiently designed residential and commercial properties that reflect Dubai’s forward-looking vision and community spirit.
 
Speaking at the annual leaseholder meeting, the Emirati developer announced the groundbreaking schedule of its lifestyle retail hub for residents, the Ewan Avenue, composed of several shops and dining options.
 
Located on the property’s two levels—with a total size of 1,400 sq m, Ewan Avenue will feature several food trucks offering a variety of cuisines, including Asian, Indian and international delicacies a mix of retail shops, F&B, bank, gym and a hardware store.
 
Ewan Avenue and the food trucks will be accessible to all the residents of DIP, said the officials at the meeting.
 
Led by Lootah CEO Saleh Abdullah Lootah, the annual meeting was attended by the company’s top-level management officials, including Lootah COO Russell Owen.
Providing updates on its projects, Lootah said work was nearing completion on The Edge, a key development featuring 103 units of studios, one- and two-bedroom apartments.
 
Located near both the entry and exit points of DIP, the project promises a high-quality lifestyle experience that offers convenience, accessibility, and luxury, featuring amenities that include a jogging track, a cricket pitch, a gym, a basketball court, a tennis and badminton court, parks, and barbecue area. It is situated on neighbourhood’s roundabout and is opposite a retail centre.
 
"We greatly value the inputs of our community members and residents because these help us further improve our operations and services, thereby maintaining our position as one of the region’s most prominent real estate developers," noted Lootah.
"These new developments are a result of continuous cooperation between the management and our residential communities to improve their living experience," he added.
 
COO Owen Russell said: "We at Lootah are immensely proud of the community we have built and cultivated at Ewan Residences. Not only do our developments increase the value of the properties and generate enormous returns and strong capital appreciation for investors, but they also mirror Lootah’s capability to deliver the perfect blueprint for living spaces."
 
"Ewan Residences lives up to expectations with Lootah’s commitment to bring about positive change in society," he added.
 
At the meeting, Lootah also announced its new and improved security measures including new gate barriers and CCTVs in common areas at Ewan Residences in order to enhance the safety of the community.
 
It also revealed other exterior enhancements with the new LED streetlights, signages, landscaping, gravel beds, and parking areas.
 
The real estate company also tackled plans to revamp Ewan Residences’ amenities such as installation of new barbecue stations, outdoor gym equipment, and play area equipment, as well as enhancement of its tennis court and outdoor table tennis.-TradeArabia News Service

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