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Mon 25 Sep 2017 04:22 PM

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Developer launches $45m Meydan residential project

Prime Views will offer more than 150 units; slated for Q4 2019 completion

Developer launches $45m Meydan residential project

Prescott Real Estate Development announced on Monday a major residential and commercial project in Dubai’s Meydan district.

Named Prime Views, the residential complex, which is estimated to cost over AED165 million ($44.9 million), will include 133 one-bedroom units and 18 two-bedroom units spread over 225,000 sq ft.

The project has broken ground and is expected to be completed by the fourth quarter of 2019, the developer said in a statement.  

It added that the project's location in Meydan Avenue, home to the Dubai World Cup, makes Prime Views a "distinctive home address in the heart of new Dubai".  

“Our vision has always been to provide reasonably priced and premium luxury living spaces in prominent neighbourhoods that embrace the good life in Dubai. Prime Views brings luxury living without compromising on quality, location, and amenities,” said Muhammad Shafi, CEO, Prescott.

Prescott’s housing project comes in the wake of a government-led affordable housing programme, which is geared towards drawing residents back to Dubai by reversing an earlier trend that saw most residents seek cheaper and less glamorous options in the Northern Emirates.

The Prime Views apartments will include temperature-controlled pools, a health club and will be surrounded by cafes, bistros, and luxury retail.