New Residential Project Announced
Dubai Investments has announced a 287-unit, 27-floor residential unit in Jumeirah Village Circle (JVC).
The investment organization, indexed on the Dubai Financial Market (DFM), will position up to AED 300 million ($81.7 million) into the project, to be developed through Dubai Investments Real Estate (DIR), the real estate arm of Dubai Investments.
Project Details
In one of Dubai’s most popular communities, Violet Tower, the G+4P+27 floors residential project will be available in studio, one-bedroom, and two-bedroom configurations.
Apart from the 287 units, it will have an array of amenities, a swimming pool, gym, youngsters’ play place, and extra.
Construction Timeline
Construction for the tower will start in the 2nd quarter of 2024, with an evaluated 24-month time for completion.
Also Read: Dubai: Decoding Deyaar’s turnaround process
Statement from Dubai Investments Real Estate
Obaid Mohammed Al Salami, General Manager, Dubai Investments Real Estate (DIR), said: “In response to the escalating demand for upscale residential developments within JVC, Dubai Investments recognises the growing desire for owned properties that capture both lavishness and practicality, and Violet Tower is our response to this demand.
“Our dedication to crafting distinguished properties, coupled with the allure of Violet Tower’s diverse units and curated amenities, speaks volumes about our endeavor not only to fulfill but exceed the expectations of those seeking classy, owned residences in the heart of this thriving community in Dubai.“
Unit Features
Each residential unit contains an enormous balcony, presenting scenic views of the surrounding residents, and is close to the Five Jumeirah Village Hotel.
