ACUBE Developments, a Dubai-based firm, is set to break ground on its latest residential project, Electra. Located in Jumeirah Village Circle, Dubai, the project will begin in the second quarter of 2024. Handover of the 38-floor residential project will take place in 2027.
The ACUBE Developments Electra project draws inspiration from the blue-white star in the constellation of Taurus, Electra. It will consist of 278 luxury apartments, ranging from studios to 3-bedroom units. Furthermore, they all feature top-of-the-line Bosch appliances and luxurious Roca sanitary ware. The interiors of each unit will showcase impeccable finishes, beautifully designed Italian kitchens, and the latest smart home solutions.
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Electra Residences Amenities
Residents of this tower will enjoy over 50 exclusive amenities that have designed in collaboration with Sanderson Global consultancy. The agency is known for developing attractions at top theme parks such as Sea World, Universal Studios Singapore, and Dubai Parks & Resorts. The key amenities include a beach-themed pool, private pools, a mini water park with slides. There will also be a mini golf area, and a bowling alley. Additionally, indoor and outdoor play areas, indoor and outdoor Jacuzzis, an indoor children’s cinema, and picnic areas.
The amenities on the ground floor will be designed to provide residents with business and work-related facilities. These include co-working spaces, a business lounge for meetings, a library, valet service, and a coffee station. On the podium level, there will be childrens amenities like an arcade, interactive games centre, and a cinema. The 37th and 38th floors will cater to adults with a gym, yoga and aerobics rooms, cinema, sauna, and steam rooms. Additionally, the 38th floor will feature a large, 18-metre-long sky pool.
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Apartment Prices
“Apartment prices start at AED 750,644 and offer a variety of flexible payment plans, ensuring that every buyer can find the right home for the right budget,” said Ramjee Iyer, Chairman and Managing Director of Acube Developments.
“We continue to deliver on our vision to create better living experiences for Dubai residents with Electra, from design and quality finishings to the experience of living there and enjoying all that the community has to offer. By incorporating theme park-style amenities through our partnership with Sanderson Global, coupled with thoughtfully designed living spaces and high-quality premium materials, we are creating a living experience that is unmatched for residential buildings in Dubai,” he added.
More on ACUBE Developments
ACUBE aims to develop and sell 1 million square feet by 2025. Electra will bring its total developments to approximately 400,000 square feet since September 2023. The development firm continues its land acquisition efforts across Dubai to accelerate its plans for additional residential launches in 2024.
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ACUBE Real Estate Development LLC is a rapidly expanding real estate development company with significant presence in Dubai. The company is committed to creating future design projects with a range of innovative construction and development solutions for residential and commercial properties. With a deep understanding of the Dubai real estate market, ACUBE helps investors accelerate their projects by ensuring their success from the start.
Data from recent reports shows that the residential market has sustained an upward trajectory, marked by unprecedented transaction levels in 2023, along with an increase of 18 percent and 26 percent year-on-year for sales prices and rents, respectively, anticipated to grow further by the end of 2024. The real estate market in the UAE is projected to grow by 3.03 percent annually from 2024-2028, resulting in a market volume of $0.80 trillion by 2028.
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