Beaver Gulf CEO: “A prime community in a prime location”
Chairman and CEO of Beaver Gulf, Rajesh Kumar Krishna, talks about the $75m Zafran development in Jumeirah Golf Estates
Dubai-based contractor Beaver Gulf has crossed the 30% milestone on its first real estate development project – Zafran – worth $75m (AED250m), which comprises 138 townhouses and a clubhouse within the Jumeriah Golf Estates master development.
In an exclusive conversation with Construction Week, the chairman and chief executive officer of Beaver Gulf Group, Rajesh Kumar Krishna, said that the 40,413m2 residential development will include 178.4m2 two-bedroom houses, as well as three-bedroom houses covering an area of 207.4m2 and 217.6m2.
The residential development project is expected to be handed over on 20 October, 2020, coinciding with the start of the Expo 2020 Dubai – the world’s greatest show.
At the time of writing, Beaver Gulf stated that it has completed 131,830 working hours without any lost-time incidents, marking 100% safe man-hours across the project.
Commenting on the construction progress, Krishna said: “We have completed more than 30% of the work, with the foundation laid, and infrastructure work is in progress on site. However, we must also note that this project moves at a different pace, and we are ahead of schedule. It will take us only about two months to go from 30% to 65% completion.”
The Zafran development is being constructed using precast elements, which are then assembled on site. This permits Beaver Gulf to complete the project on time while keeping a close eye on high-quality product delivery.
As a completely integrated company, Beaver Gulf’s precast needs for its Zafran development are being met by the world’s largest precast factory – Beaver Gulf Precast Concrete – which is located in the Jebel Ali area of Dubai.
The concrete plant within this precast factory also meets the development’s concrete needs.
The aluminium required for the project is being supplied by the Beaver Gulf - Aluminium & Glazing Factory.
Similarly, the necessary equipment, and joinery needs for the Zafran project are being met by the Beaver Gulf Joinery Factory in Umm Al Quwain, while the switchgear is being sourced from Beaver Gulf’s Advanced Technology & Power Industries.
The precast fittings are also being supplied by Beaver Gulf subsidiaries.
Krishna said: “Meeting 80% of our construction needs through our subsidiaries makes it easier to maintain the highest standards. Keeping an eye on the quality of each of these construction components further helps us ensure the delivery of a high quality product at the time of handover.”
Commenting on the importance of choosing Jumierah Golf Estates as the location for Beaver Gulf’s first real estate development project, Krishna added: “People want to live in Jumeirah Golf Estates not only because it hosts the European Tour golf championship, which is a huge incentive in itself, but also because the luxury master development is well connected.”
The Zafran community within the Jumeirah Golf Estates has the benefit of being located precisely between the Dubai International Airport (DXB) and the Dubai World Central (DWC), which is also known as the Al Maktoum International Airport.
“In terms of accessibility, Jumeirah Golf Estates absolutely stands out. It is very well connected to the Al Khail Road, the E311, and the Sheikh Zayed Bin Hamdan Al Nahyan road. This is ideal as the community is connected on all three sides by major roads,” Krishna said.
“This residential development is a prime community in a prime location.”
In addition to its location, Beaver Gulf’s Zafran project has also identified another recipe for success.
“We have found a way to create high quality family homes that are affordable. That’s the model we want to take forward. We want to create affordable living within high-end, aspirational luxury communities,” Krishna added.
The Zafran townhouses will be priced between $450,000 (AED1.65m) and $531,000 (AED1.95m), making them an affordable housing option within the luxury housing community of the Jumeirah Golf Estates.
The townhouses will have two different designs for the three-bedroom options, and mirror-image designs for the two-bedroom options.
Residents of the Zafran townhouses will also have access to large swathes of landscaping, a clubhouse, a gymnasium, swimming pools, as well as an exclusive play area.