Al Fara'a Properties launches AED 505 million ‘Image Residences’ project

Press Release Content

Two-tower project marks developer's initial foray into Downtown Jebel Ali.

Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction, Industrial and Property Group, has announced the launch of ‘Image Residences', an AED 505 million two-tower project, which marks the developer's initial foray into Downtown Jebel Ali.

With the launch of the prime residential towers project, the developer's projects' consolidated value has now crossed AED 1 billion after the launch and tremendous sales success of its previous developments including 'Le Grand Chateau', 'Manhattan Luxury Apartments' and ‘Mulberry Mansions'.

Units within the new development, which is expected for delivery in 2011, are being offered at a convenient financing scheme of up to 90 per cent and will be showcased during the developer's participation at Cityscape Abu Dhabi from May 13 - 15, 2008 at the Abu Dhabi National Exhibition Centre.

A lavish residential development comprising of 17-storey and 11-storey towers, ‘Image Residences' will offer a selection of sophisticatedly-designed spacious studio, one, two- and three-bedroom apartments and plush townhouses. Each apartment has been imbedded with chic and fashionable details that complement the stylish standard of living in Downtown Jebel Ali, in addition to well-appointed interiors, fully fitted kitchens and spacious walk-in wardrobes.

Equipped with smart home technology, the units will have round the clock hour security and CCTV, central air conditioning and state-of-the-art fire alarm system, high-speed internet connectivity and a back-up power system. Ample rest and relaxation facilities will also be provided, including a landscaped leisure deck on the podium level, swimming pools with a separate pool for children, an outdoor seating and BBQ area, a fully-equipped gym and retail outlets at the ground floor.

"The massive developments within Downtown Jebel Ali and its importance as a landmark development in Dubai has truly made an impact on us, which is why we have chosen this location for ‘Image Residences'," said Natasha Gangaramani, Director, Al Fara'a Construction, Industrial and Property Group. "With the launch of this project, we are expecting to reinforce to investors our unmatched capability in offering top-quality residential developments within the most ideal locations at competitive rates."

The developer has identified Downtown Jebel Ali as the perfect location for its newest project due to its easy accessibility and the large-scale projects, which are set to be built within this new residential and business community.

As one of today's most important addresses in Dubai, the 200-hectare, mixed-use urban community along an 11-kilometre stretch of Sheikh Zayed Road will have three individual districts - The Urban Centre, The Trellis and The Medina. Upon the completion of the upcoming Dubai Metro system, ‘Image Residences' will be minutes away from the rest of Dubai and the new Dubai World Central International Airport - the world's largest passenger and cargo terminal.

"Following the outstanding success of our projects, we are seeking to conquer another important community development in Dubai through the launch of ‘Image Residences'. ‘Image Residences' carries with it the relaxed but highly stylish aura of our previous projects while complementing the overall theme of Downtown Jebel Ali. We at Al Fara'a Properties are all looking forward to finally launching this project, as well as the new ventures, which we will be announcing in the coming months," concluded Nitesh Gangaramani, Director, Al Fara'a Properties.

With a keen determination to deliver its projects within their stipulated schedules, Al Fara'a Properties is vigilantly tracking the progress of its development's construction processes. As a result, the developer has announced that its' AED 225 million ‘Le Grand Château', which has already achieved a sold out status, will be completed and delivered on schedule.

The outstanding success of ‘Le Grand Château', in addition that of the AED 353 million ‘The Manhattan' and the AED 95 million ‘Mulberry Mansions', is part of the developer's plans to launch eight new projects in Dubai in line with the vision of JR Gangaramani, the Group Chairman, who accepted the ‘Lifetime Achievement Award' at the recently concluded ‘NRI Achievers 2008 - Gulf Edition'.

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About Al Fara'a Properties

Al Fara'a Properties was established by the Al Fara'a Construction, Industrial and Property Group and leverages the Group's 28 years of experience to build a world-class, professional and client-oriented property development arm. The services offered by Al Fara'a Properties include property development, sales, management, investment portfolio, facilities management, leasing and corporate client consultancy.

Born out of the Al Fara'a Group's core values of integrity, customer satisfaction, building partnerships, ethical and professional service delivery, and commitment to enhance customer value, Al Fara'a Properties will keep on track to become one of the premier developers in the region.

About Al Fara'a Construction, Industrial and Property Group

Al Fara'a Construction Group has a solid track record of more than 28 years, executing prestigious projects in the UAE, building a reputation for delivering outstanding client value and completing projects on time and within budget. It is a conglomerate of leading business entities including Al Fara'a General Contracting, Unibeton, Belgium Aluminium and Glass and Al Sabbah Electro Mechanical.

Unibeton, is the market leader in ready mix concrete, and recently created history by pouring a record 22,000 m³. of concrete in less than 35 hours at Al Attar Sky Spiral, Dubai.  Belgium Aluminium and Glass is UAE's largest service provider for the fabrication and installation of aluminium and glazed structures and decorative metal work. Other business entities of Al Fara'a Construction, Industrial and Property Group deal in contracting, precast, joinery, and steel structure, covering the entire domain of the Construction Industry.

Led by a team of experienced engineers, managers and technical experts, Al Fara'a Construction, Industrial and Property Group utilises the most advanced technology and offers multidisciplinary services through one client interface, which reduces costs, simplifies the most complex projects, and enables the company to deliver premium value to the client.

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