Ellington Properties, a boutique property development company, on Wednesday announced plans to build more than 2,200 residential units including apartments, townhouses and villas, in Dubai.
The company, jointly set up by industry veterans and joint managing directors Robert Booth and Joseph Thomas, has announced a pipeline of 14 residential projects for the emirate.
Ellington said in a statement that it has also finalised its plan for affordable rental units development programme which will see over 10,000 units being developed by 2020.
Booth said: “Dubai has evolved as a new global city all within the space of 10 years during which over $85 billion was invested in infrastructure projects. Simultaneously, the emirate’s population grew from 1 million in 2000 to over 2.5 million in 2015.
“The city will be home to over 3.2 million people by the time Dubai hosts the Expo 2020. The next four years will also witness an increase in the number of discerning customers who appreciate design and quality over price points. Ellington fills that space.”
Booth, who has been involved with the development of several iconic projects such as Dubai Marina, Emirates Hills, Arabian Ranches and Downtown Dubai, said that Ellington was set up to develop residential projects for "discerning customers who appreciate design".
He added: “Dubai will continue to attract investment in its infrastructure and real estate, and Ellington will contribute to that space through highly desired but affordably priced projects.”
Ellington Properties unveiled its first project, Belgravia, in Jumeirah Village Circle which features 181 one, two, and three bedroom units. Construction will be completed in December.
Ellington has three other projects that have commenced construction activity – DT1, a 17-storey tower with 130 studio, one to four bedroom apartments in Downtown Dubai; The Ellington Collection, a set of high-end luxury villas on Palm Jumeirah, and Belgravia II, a G+4 residential building with 188 modern studio, one, two and three bedroom units in Jumeirah Village Circle.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.