Work begins on $111m project in Dubai’s JVC
ARACO appointed to lead project design and supervision in Jumeirah Village Circle
Construction work has begun on the site of a new six tower residential complex in Dubai’s Jumeirah Village Circle (JVC).
Designed by Abdul Rahim Architectural Consultants (ARACO), the project is valued at AED 410 million ($111.6 million) and covers an area of 100,000sqft.
The project is conceptualized and owned by HNI Clients Real Estate. It is represented by investor partner Praveen Sharma, who has vast experience in real estate development in India, the UAE and United States. The buildings will be constructed by Ghantoot Gulf Contracting Company.
It is located close to Al Barsha Fourth and is expected to be completed within 17 months.
In order to achieve this target, all six sites will have to begin construction simultaneously, under ARACO’s supervision. In addition, the consultancy said that its scope of work includes architectural design, MEP and structural engineering, and obtaining the necessary licenses from all relevant bodies.
“The six buildings will each comprise of a ground floor, four levels of parking above ground, 15 floors and the floor area. The buildings will add a total of 772 apartments to JVC, consisting of 75 studio units, 655 one-bedroom apartments and 42 two bedroom apartments,” said Rahim Lari, general manager of ARACO, in a statement.
“The development will offer residents a view of the gardens and parks in JVC and will also provide integrated services such as kids play areas, fitness spaces, swimming pools, and parking for all residents.”
He added that ARACO has obtained approval for all plans for the buildings, as well as all the necessary licenses from the relevant authorities, in record time, due to the combined efforts of the design engineers at ARACO, who have extensive experience and knowledge of the procedures, laws and regulations, especially in Dubai’s free zones.
“Real estate in Dubai continues to be an attractive investment and our participation in this project underlines our trust in the emirate’s economy as it continues to provide the highest return on investment of any market in the region.
“We are delighted to be a part of this grand project in JVC and seek to carry out our duties within the agreed terms and conditions,” added Raheem Bani Zaman Lari of ARACO.
