Project scheduled for completion and handover in early 2019
Dubai Properties (DP), the real estate developer and property manager, has announced the start of construction of its flagship project, 1/JBR – a 46-storey residential tower at the entrance of Jumeriah Beach Residence.
Construction has started on the Dubai project, with site mobilising and enabling works underway at the end of January 2016. Final design has been completed and it is now in the final stage of approval with authorities, the developer said.
“1/JBR is a testament to DP’s distinguished portfolio, as it broadens our residential offerings across Dubai. This ground breaking marks an important phase of this highly anticipated development, reinforcing our commitment to delivering key projects at one of the Emirate’s most sought-after beachfront destinations, JBR,” said Marwan Al Kindi, executive director, Sales and Sales Operations at Dubai Properties.
The registration of clients and customers with the intent of purchasing, was launched in September 2015, with the tower scheduled for completion and handover in early 2019.
1/JBR will offer customers two to four-bedroom apartments and five-bedroom penthouses, totalling 153 units. Sections of the tower will be released for sale in different markets, with registration now open exclusivity through Dubai Properties sales partner, Gulf Sotheby’s International Realty.