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Tue 24 Nov 2009 07:22 AM

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Developer set to hand over AED1.2bn golf projects in 2010

Tulip sets date for completion of luxury villas in Jumeirah Golf Estates.

Developer set to hand over AED1.2bn golf projects in 2010
GOLF VILLAS: Work continues at Olive Point.

Developer Tulip has announced that it will hand over its two high-end luxury residential developments in Jumeirah Golf Estates – Olive Point and Sienna Lakes – in 2010.

The AED1.2bn projects, which together will offer 111 villas to investors ranging from four to six bedrooms, are in the final stages of construction, the developer added.

Commenting on the progress of the projects, Masoud Sangi, president, Tulip Business Developers said: “The construction of project is progressing in full swing. We are very much on schedule in tandem with the milestones chalked out by us.”

He said Tulip had invested its own finances in the development of the project as part of its commitment to investors to deliver the projects as scheduled.

“We believe in the potential of Dubai as a premier lifestyle-related investment destination and all our projects reflect this view which has shaped our business strategy in real estate development. We are confident that the future is bright for Dubai  and the emirate’s property market is on the way to recovery sooner than expected,” Sangi added.           

He said 60 percent of the construction of both the projects was complete and Tulip was gearing up to offer the projects for occupancy next year.

“The villas at Olive Point and Sienna Lakes have been developed as the most desirable properties in Dubai. For both the developments, we have partnered with globally recognised luxury brands. Our vision is to create a community of homes, in which families can enjoy the beauty of and ambience of a golf community in modern and stylish villas with an array of premium amenities,” Sangi said.

Sienna Lakes is located on the Fire course designed by golf legend Greg Norman while Olive point is located on the Earth course which last weekend hosted the Dubai World Championship.

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