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DMCC – the world’s flagship free zone and Authorities of Dubai Authority on commodities commerce and enterprise – has partnered with Danube Properties to deliver a brand new residential challenge to its thriving Jumeirah Lakes Towers (JLT) district.
The 65-storey twin towers will deliver 1,200 new residential items to JLT throughout a built-up space of 1.7 million sq. toes, representing a improvement worth of roughly USD 545 million (AED 2 billion).
At the moment within the design section, the brand new residential towers will sit adjoining to DMCC’s Uptown Dubai district, bolstering JLT’s standing as one of the fashionable mixed-use communities within the emirate.
Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC, mentioned: “Demand for premium residential property throughout the JLT group is increased than ever, as we’ve got seen with the resounding success of Viewz, our first challenge with Danube which is totally offered. Boasting a group of over 100,000 folks, JLT has change into one of the fashionable districts in Dubai due to its really full providing for guests, companies and residents. We’re proud to associate with Danube for a second time as we proceed to form and drive the transformation of JLT and improve the high-quality residential providing for our increasing group.”
Rizwan Sajan, Founder and Chairman of Danube Group, added: “As a quickly increasing personal actual property developer within the UAE, we’re consistently in search of prime plots in strategic improvement zones. This partnership with DMCC empowers Danube Properties to reinforce the enchantment of our upcoming challenge, offering a chance for buyers and homebuyers to capitalise on future worth appreciation due to JLT’s enticing location and the help of DMCC.”
This partnership follows on from one other DMCC-Danube challenge launch in January, Viewz, which sits in Cluster Ok and has a improvement worth of AED 1.4 billion. The 2 high-rise towers of the event have been totally offered, demonstrating the continued demand for premium property choices throughout JLT.
All through 2023, DMCC partnered with 5 main property builders to deliver six thrilling business and residential actual property initiatives to its JLT and Uptown Dubai communities. The continual improvement of its districts is a key precedence for DMCC because it attracts file numbers of latest firms to Dubai via its unparalleled enterprise ecosystems and residential communities. DMCC presently accounts for 11% of the international direct funding (FDI) to Dubai.
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