Dubai’s design-led developer, Ellington Properties, has signed a US$ 92.6M agreement with Abdul Razeq Abdul Ahad, an entrepreneur via Deja Vu Real Estate for the development of a new residential project in Dubai Hills Estate.
The project will include a 1 bedroom, 2 bedrooms, and 3 bedroom apartment that will be in a central location within the established Dubai Hills Estate neighborhood. The design and overall master planning for this new residential project are set to commence briefly.
President and CEO of Asem Holding Ltd, Abdul Razeq Abdul Ahad revealed that this would be the second agreement that his company is having with Ellington Properties when it comes to developing residential projects in Dubai. The first project was the Deja Vu Real Estate.
Amenities available for the future residents the US$ 92.6M Residential Project in Dubai Hills Estate
The 2,700 acres Dubai Hills Estate can be easily accessed from all major highways such as Al Khail Road, Sheikh Zayed Road, and Mohammed bin Zayed Road. At the heart of the community, there is an 18 hole championship golf course. Moreover, the estate has got well over 1.45 million m2 of open spaces and parks, a central Dubai Hills Park, 54 kilometers of bicycle trails, and an upcoming Dubai Hills Mall. The estate will also include play areas for children.
Abdul revealed that the decision for the project was made after a careful market study of the chosen location. It is well known that Dubai’s property sector is one of the fastest-growing on a global scale, Abdul explained, hence, areas such as Dubai Hills Estate possess significant potential for high rental yields as well as return on investment.
Co-founder of Ellington Properties, Nitin Bhatnagar, also added that they are committed to creating vibrant and lively communities that promote the well-being and wellness of their residents.