Al Ghurair Properties has unveiled Dh5 billion ($1.36 billion) worth of projects spread across Dubai, featuring 58 buildings in a sustainably-built layout that will include 8,000 residential units and 350,000 sq ft of retail units.
Located in Deira, Bur Dubai, Al Barsha, Al Qusais, and Al Warqa districts, the projects aim to strengthen the socioeconomic fabric of the emirate by delivering quality living and commercial spaces.
According to Al Ghurair Properties, the projects will include smart functional residential and commercial facilities as well as practical spaces with the latest fittings and amenities. Furthermore, they will be built according to the latest green building codes and come with energy-efficient fittings to conserve power. Al Ghurair will also offer quality amenities and maintenance services.
CEO Sultan Al Ghurair said: “We started these projects with a focus on revitalizing the housing segment in Dubai. We identified an upward trend in the present residential market and are currently aiming to optimize the positive turn.”
“Furthermore, these projects reflect Al Ghurair Properties’ in-depth understanding of the market needs and our commitment to providing the type of residential destinations that support the creation of a healthy real estate market in the emirate,” stated Sultan.
Infrastructure work on the projects began earlier this year. The first building is due for completion by the end of 2017 while the remaining 57 projects are scheduled for completion by the fourth quarter of 2020.