Phase 3 of Green Community West nears completion
The Green Community West DIP – Phase III comprises a total of 210 townhouses to be handed over in the second quarter of 2017
UAE-based Properties Investment LLC [PI] has announced that its Green Community West Dubai Investments Park – Phase III project is progressing on schedule, with stage one to be handed over in Q2 2017.
The project progress and details were unveiled at a special event on Sunday in the presence of Khalid Bin Kalban, Chairman of Properties Investment and Managing Director & CEO of Dubai Investments PJSC.
The Green Community West DIP – Phase III comprises a total of 210 townhouses, including 122 four-bedroom and 88 three-bedroom townhouses, 16 duplex apartments, retail units, recreational centres, swimming pools, squash court and landscaped areas on a total built-up area of 94,000sqm.
The project’s stage 2 will include 96 townhouses and is expected to be handed over by October 2017.
Stage 3, comprising 38 townhouses, 16 apartments and retail units, is expected to be completed by end of 2017.
Khalid Bin Kalban said: “The fundamental drivers of UAE’s real estate sectors are strong, with investor confidence and interest on the rise.
“Concurrently, Dubai’s growing reputation as the business and leisure hub, coupled with the anticipated demand for Expo 2020, are expected to catapult the Emirate’s real estate sector in the coming months.
“Amidst these trends, Properties Investment’s Green Community project offers an unmatched investment opportunity.”
Dewan Architects and Engineers are the lead consultants and Shapoorji Pallonji Mideast LLC are the main contractors of the Green Community West DIP – Phase III project.
Covering 67ha of residential, leisure, retail, and commercial properties, the Green Community development prides itself on its modern surroundings and tranquil environment.
Properties Investment LLC [PI] is 70% owned by Dubai Investments PJSC and 30% by Union Properties PJSC.