Monday, November 27, 2017

Dubai Properties' luxury villa project on track

UAE-based Abdul Rahim Architectural Consultants (Araco) said more than 35 per cent of the construction work had been completed on a residential development within The Villa, a project being master-planned by Dubai Properties.

The project, which boasts 18 high-end villas, is being developed by Tadhamon Capital, a Sharia-compliant investment firm as part of The Villa Project in Dubailand.

To meet the needs of families in the emirate, the villas are available in a variety of sizes each feature five bedrooms – including one master and one guest – and a maids’ room, said a statement from Araco.

The 18 villas have elegant designs and finishes along with spacious areas to accommodate a practical and high-end lifestyle. In addition, the villa community features an international supermarket, cafes, restaurants, jogging and bicycle tracks, children’s nursery and play areas, in addition to being a well-established gated family-oriented community, it stated.

Divided into four neighbourhoods, the entire development of The Villa will feature hundreds of homes once completed, many of which are already sold or occupied, said Araco in its statement.

With over 30 years of experience in the real estate sector in the UAE, and the region, Araco provides comprehensive services to clients ranging from architectural, MEP (mechanical, electrical and plumbing) and structural engineering besides interior design, project management and supervision.

Araco’s scope of work comprised all engineering designs, including architectural, structural and MEP, in compliance with the standards and regulations set out by Dubai Properties, said a senior official.

"We are very excited to work with Tadhamon Capital on this project and we look forward to a fruitful and mutually beneficial relationship with this well-established company, in this project and in many more to come," noted Abdul Rahim Lari, the managing director.

Tadhamon Capital is a Sharia-compliant investment firm with a primary focus on asset management across three principal business lines – real estate, alternative investments, and treasury and capital markets.

Established in 2008 as a closed Bahraini joint stock firm, Tadhamon Capital operates under a Category One Investment Business Firm Licence issued and regulated by the Central Bank of Bahrain. The firm has an authorised capital of $100 million.-TradeArabia News Service



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