23 Jumada I 1446 - 24 November 2024
    
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Eye of Riyadh
Business & Money | Wednesday 31 May, 2017 5:33 am |
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Work begins on AED 410 million residential project in Dubai’s Jumeirah Village Circle

Ground breaking has taken place on the site of a new six tower residential complex designed by Abdul Rahim Architectural Consultants (ARACO) and located in Dubai’s fast-growing residential suburb, Jumeirah Village Circle (JVC).

 

Close to Al Barsha Fourth, the six building project is valued at AED 410 million, and covers an area of 100,000sqft.

 

Commenting on the project, Abdul Rahim Consultants ARACO  General Manager, Rahim Lari said: “The six buildings will each comprise of a ground floor, four levels of parking above ground, 15 floors and the floor area. The buildings will add a total of 772 apartments to JVC, consisting of 75 studio units, 655 one-bedroom apartments and 42 two bedroom apartments. The development will offer residents a view of the gardens and parks in JVC and will also provide integrated services such as kids play areas, fitness spaces, swimming pools, and parking for all residents.

 

The project is expected to be completed within 17 months. To achieve this, construction on all six sites will begin simultaneously under ARACO’s supervision. In addition to this role, ARACO’s scope of work included architectural design, MEP and structural engineering and obtaining the necessary licenses from all relevant bodies.

 

Currently, ARACO has completed the designs for the buildings adhering to environmental and safety standards in compliance with those adopted in the UAE and internationally. ARACO’s design team also took into consideration existing and future design trends, and carefully incorporated these by exploiting the internal space of the apartments, so current and future real estate market requirements can continue to be met.

 

Further, ARACO has obtained approval for all plans for the buildings and the necessary licenses from the relevant authorities in record time due to combined efforts of the Design Engineers at ARACO, who have extensive experience and knowledge of the procedures, laws and regulations especially in Dubai’s free zones.

 

“Real estate in Dubai continues to be an attractive investment and our participation in this project underlines our trust in the emirate’s economy as it continues to provide the highest return on investment of any market in the region. We are delighted to be a part of this grand project in JVC and seek to carry out our duties within the agreed terms and conditions,” commented Eng. Raheem Bani Zaman Lari, ARACO’.  


Conceptualized and owned by HNI Clients Real Estate and represented by investor partner Praveen Sharma, who has vast experience in real estate development in India, the UAE and United States, The buildings will be constructed by Ghantoot Gulf Contracting Company.

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