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Lootah Real Estate hands over The Waves homes in Dubai's JVC

The affordable housing project marks the real estate development giant's first handover of 2019

Lootah Real Estate Development officially opened its The Waves residential project in JVC, Dubai.
© Lootah Real Estate Development
Lootah Real Estate Development officially opened its The Waves residential project in JVC, Dubai.

The Waves homes project in Jumeirah Village Circle (JVC) has been completed and handed over by Lootah Real Estate Development.

The 135-unit affordable housing property is the first project that Lootah Real Estate Development has handed over in 2019, adding to its portfolio of real estate assets in Dubai’s popular JVC community.

The spacious apartments in The Waves range from studios of 45m² to two-bedroom units and loft apartments as big as 185m².

The apartment building is equipped with a swimming pool and a gym, shaded parking spaces, and a spacious lobby.

Saleh Abdullah Lootah, executive director at Lootah Real Estate Development, said the company was proud of handing over the project on time, an achievement that is often overlooked in construction.

“We are pleased to announce the handover of our latest residential property in JVC, The Waves, which provides a beautiful, self-contained environment for residents,” he said.

The company wants to build and deliver more mid-market property in the UAE to enhance its existing portfolio of assets.

“We recognise the growing demand for affordable housing in the UAE property market, and we at Lootah Real Estate Development aim to accommodate these requirements without compromising quality,” he added.

Lootah affirmed the developer’s commitment to building an “unprecedented level” of mid-market homes in the UAE.

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Construction Week - Issue 749
Sep 15, 2019