Al Ghurair Properties Ahead of Schedule with 3 New Buildings

Al Ghurair Properties Ahead of Schedule with 3 New Buildings
90% completion in 3 Deira Buildings with handover in May 2019

Dubai, 10 April 2019: As part of its relentless commitment to projects’ quality and timely completion, Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, announced that 3 residential buildings, namely Muteena 226, 658 & Muraqabbat 131, are all on track to be completed by May 2019 according to their respective schedules, with steady progress on internal finishing and MEP work.

The upcoming three projects are part of Al Ghurair Properties’ AED 5 Billion – 46 buildings project that is spread across key locations of Al Barsha, Deira, Bur Dubai, Al Warqa & Al Qusais.

These 3 new buildings will host 462 distinct quality residential units, adding to the well-balanced lifestyle of the Deira residents, coupled with popular retail opportunities within a notable proximity, an easy access to Salahuddin metro station and other public transports, connectivity to Dubai’s main landmarks and tourism spots.

Sultan Al Ghurair, CEO of Al Ghurair Properties said: “These projects reflect Al Ghurair Properties’ thorough understanding of the market needs and our ongoing commitment to providing integrated and sustainable communities that offer an enriching lifestyle within urban bounds. We are accordingly strengthening our strategic approach towards developing in-class residential communities. It is vital for us at Al Ghurair Properties that we work closely with our contractors to deliver these projects on time, supporting the sustained demand as well as the long-term economic and social development of Dubai.”

Recently in 3rd & 4th quarter of 2018, Al Ghurair Properties delivered 5 new residential projects – in Deira & Bur Dubai, catering to a dynamic cultural experience, and offering 486 – residential units, with 144 Studio apartments, 203 one-bedroom apartments, 103 two-bedroom apartments in addition to 36 three-bedroom apartments.

Al Ghurair Properties has been persistently working towards delivering a fresh and innovative approach to communities, by offering both residential and commercial projects that meet Dubai’s social diversification, enriching its infrastructure and answering the consumers’ needs and aspirations. Keeping in mind the varied customer requirements, the project hosts a range of rental offering that is from affordable to premium units.

The 2018 Al Ghurair Properties AED 5 Billion (USD 1.36 Billion) Projects of 46 buildings with 5,260 residential units and 297,422 sq. ft. of retail units are estimated to be fully completed by Q4 2020 and constitute a strong testament of the company’s vision to enrich Dubai’s property offering.

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