Lootah reveals groundbreaking schedule for Ewan Avenue in DIP

Construction of Lootah’s $19m (AED70m) The Edge development within Ewan Residences is nearing completion

Lootah Real Estate Development's (Lootah) annual leaseholder meeting
Lootah
Lootah Real Estate Development's (Lootah) annual leaseholder meeting

Lootah Real Estate Development (Lootah) has revealed the groundbreaking schedule of its 1,400m2 Ewan Avenue lifestyle retail hub, which is located within the Ewan Residences development in the Dubai Investment Park (DIP).

The announcement for the groundbreaking schedule in September 2020 was made at its annual leaseholder meeting, where the firm provided updates on various projects within Ewan Residences.

Located on the property’s two levels, Ewan Avenue will feature several food trucks offering a variety of cuisines, including Asian, Indian, and international delicacies, as well as a mix of retail shops, F&B offerings, a bank, a gym, and a hardware store.

In addition, Lootah said the construction of The Edge, a $19m (AED70m) development within the Ewan Residences, is in near completion stage.

The project offers 103 units – including studio units, one-bedroom units, and two-bedroom units – as well as amenities such as a jogging track, a cricket pitch, a gym, a basketball court, a tennis court, a badminton court, parks, and barbecue area.

The Edge is located near both the entry and exit points of DIP, situated on the neighbourhood’s roundabout and is opposite a retail centre.

Commenting on the development updates, the chief executive officer of Lootah, Saleh Abdullah Lootah, said: “We greatly value the inputs of our community members and residents because these help us further improve our operations and services, thereby maintaining our position as one of the region’s most prominent real estate developers. These new developments are a result of continuous cooperation between the management and our residential communities to improve their living experience.”

The COO of Lootah, Owen Russell, added: “We at Lootah are immensely proud of the community we have built and cultivated at Ewan Residences. Not only do our developments increase the value of the properties and generate enormous returns and strong capital appreciation for investors, but they also mirror Lootah’s capability to deliver the perfect blueprint for living spaces.”

Lootah also announced its new and improved security measures including new gate barriers and CCTVs in common areas at Ewan Residences in order to enhance the safety of the community.

It has also revealed other exterior enhancements with the new LED streetlights, signages, landscaping, gravel beds, and parking areas.

The real estate company also tackled plans to revamp Ewan Residences’ amenities such as installation of new barbecue stations, outdoor gym equipment, and play area equipment, as well as enhancement of its tennis court, and outdoor table tennis.

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