Q Developments to manage six Dubai projects
Stalled residential and commercial projects taken on by Empire Arabia
Q Developments has been appointed by Empire Arabia to manage and deliver six residential and commercial projects in Dubai.
Work on the projects, which were part of the former Best Homes development portfolio, stalled during the global financial crisis.
However, they have been taken over by Empire Arabia, which has signed an MoU with Q Developments, part of the Dubai-based Q Group of companies.
Masood Pervez, vice chairman, Empire Arabia Group, said: “We are delighted to have formed a new working partnership with a company which shares our commitment to deliver these projects in a manner which is in the best interests of all the original investors.”
The six developments include two in Sports City, where work has already reached the seventh floor on Global Golf Residences 2, while Q Developments is seeking a change of use for Rescom Tower, originally designed as a mixed-use scheme.
Two other residential projects are located in International City – Global Green Views 2, where work has reached the third floor, and Global Green Views 3.
Global Bay View, located in Business Bay, is currently designed as an office tower, but this is now subject to a change of use and redesign. The other project is a 19-storey residential tower in Jumeirah Village Triangle.
Safi Qurashi, CEO and founder of Q Group added: “We have already been in contact with investors here in the UAE and as far afield as Pakistan, Russia, India, the UK and Canada.
“All have expressed relief that the projects are being revived, as they feared the worst when work stalled during the financial crisis. Each are now being offered various options depending on their individual circumstances, and we’re working closely with Empire Arabia to deliver all the projects to the highest standards.”
The first of the projects scheduled to be completed are Global Golf Residences 2 and Global Green Views 2, both in early 2016.