Indigo Properties to start Zen project in Q1 2015
$408mn development to create Far East-resort feel in Dubai Golf City
Developer Indigo Properties has announced that construction on Zen, its 4.5mn ft2 project in Dubai will start in the first quarter of 2015.
The $408mn project in Dubai Golf City, which aims to create a Far East-resort feel, will include 346 three- to six-bed villas plus retail areas, clubhouses, several parks, play areas, jogging tracks, streams, meditation nooks, sunken pavilions and covered outdoor seating.
Dev Maitra, CEO, Indigo Properties said: "We plan to start construction in the 1st quarter of 2015 and plan to finish in 24-28 months."
He added that the first Zen project sales will be launched next week at the Cityscape Global exhibition.
He said: "Our attention to design and details sets our projects apart from others. Our first project, Indigo Tower, won an award for best looking tower in JLT by the master developer, DMCC. We are proud of the fact that we have weathered the economic downturn during 2008-2011 and have come out stronger."
Some of Indigo's current projects include a 70 villa development called Orange Lake situated at Jumeirah Golf Estates that is scheduled for completion by the end of the year.
Indigo Spectrum 1 and Indigo Optima are two buildings located in International city that will also see completion this year, the company said.
Indigo added that it will also deliver the last 35% of the 171 townhouse development in Jumeirah Village called Indigo Ville over the next eight months.
To date, Indigo Properties has completed construction and handover of over 1.4mn ft2 of property in Dubai, it said in a statement.
Maitra added: "We expect to deliver another one million square feet over the next year by completing various under construction developments."