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Indigo Properties celebrates tenth anniversary

Promise to add $272mn in projects to company portfolio by end of 2014

Indigo Tower.
Indigo Tower.

Indigo Properties, one of the UAE’s innovative property development companies, is celebrating its tenth anniversary.

And the company plans to unveil one of its biggest projects to date to help mark the occasion.

Anand Lakhiani, director, said: “We are very proud to be celebrating 10 years of developing excellence in Dubai. Our success is due to highly effective collaborations and partnerships. More than 30 years in the business and I’m still passionate about creating innovative real estate projects.”

“In 2014, Indigo is gearing up to launch its biggest project ever with over 350 villas spread over 4.5mn ft2. Other projects under construction are Orange Lake at Jumeirah Golf Estates; Indigo Optima, Indigo Capital and Indigo Spectrum 1 & 2 within the Central District of International City.

“We are positive that the Expo 2020 win will accelerate growth in Dubai’s local economy and property market on a long term basis.”

Up to 2014, Indigo Properties has delivered an approximate 1.3mn ft2 area in Dubai worth over AED1bn ($272mn) in revenue spread over 14 projects and over 700 units. The company will add another approximately one million square feet and 375 units worth another AED1bn ($272mn) by the end of 2014.

“We are very bullish about the Dubai property market.” said Mahesh Tourani, director, “With the winning of the Expo 2020 and effective and proactive regulations introduced by RERA, the investment climate have become very positive.

This is evidenced by the improved GDP figures of the UAE and the recent increase in property prices and rental rates in Dubai.”

“We intend to continue adding quality developments and help Dubai’s skyline hold its head a little higher.” said Ramesh Sawlani, director. “We provide a solid investment value to our stakeholders at all times thus strengthening the trust and confidence of our investors in us.” 

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