Dubai-based developer Jumeirah Golf Estates (JGE) has commenced detailed design of its proposed transit-oriented development (TOD) project located within its 1.119 hectare.
TOD is a planning strategy that aims to concentrate jobs, housing, and services around public transport stations, according to the World Bank.
Company CEO Yousuf Kazim told Thomson Reuters Projects that United States-headquartered engineering consultancy Parsons is carrying out the detailed design of the TOD project.
And he also said that the official launch of the project will be at the right time. JGE is focusing on completing pending projects within Phase A of the master plan, and Dubai’s Real Estate Regulatory Authority (RERA) has emphasized that developers should focus on the completion of existing projects and their handover to customers.
They would be handing over Al Andalus Buildings A and B before the end of this year. Also they have Buildings C, D, E, F, G and H that are already in advanced stage of development.
Kazim said that developers this year are focusing on clearing their ready inventory, rather than trying to sell new off-plan launches. This is because the customer would have more confidence about the investment looking at the actual situation on the ground.
JGE is also rolling out new facilities to serve its residents, including a soon-to-be launched second community center for residents of Al Andalus development.
Last week, JGE announced that it has signed a long-term management deal with Dubai Golf to manage its clubhouse, with leisure facilities and dining outlets, along with the two championship golf courses.
Kazim brushed aside concerns about Dubai’s real estate market slowing down after Expo 2020, as the various projects around JGE towards Expo 2020, the most recent announcement was Majid Al Futtaim’s Tilal Al Ghaf development, and there are other projects coming along in the corridor leading to Expo 2020.