Construction works have begun on the Elan neighbourhood at Majid Al Futtaim Communities’ Tilal Al Ghaf project in Dubai.
Arif & Bintoak Consulting Architects and Engineers and contractor UNEC are responsible for bringing this phase of the project to market, a statement from Majid Al Futtaim said.
According to the statement, the contract award for Phases 1, 2 and 3 of Elan comprises a total of 916 premium three- and four-bedroom townhouses with contract value of almost $159 million.
The project is located at the junction of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street. The statement notes that the development features a lagoon and white sandy beaches at its heart and balances luxury resort-style living with a fresh urban feeling. The first homes in Elan will be delivered in phases starting from December next year.
“Today we celebrate a pivotal moment as one of the most ambitious destinations emerges to create a lasting legacy in Dubai. Elan’s success underlines our market expertise, our responsiveness, and our commitment to delivering the right products at the right time to the highest international and local standards and design.
“For more than a decade, Majid Al Futtaim Communities has been delivering aspirational lifestyle destinations across the region through the art of placemaking, enabling businesses to flourish and families to thrive. These destinations share a deep connection with the cities in which they are located, and continue to grow and evolve in character, culture and desirability,” said Majid Al Futtaim Communities’ CEO Hawazen Esber.
Majid Al Futtaim stated that each phase of the project sold out within a week of being launched, with every unit of Phase 3 bought up in just 48 hours. The firm says that this demonstrates an appetite for signature communities. Elan’s appeal is evidenced through its diversity, with over 55 different nationalities represented in the project’s ownership, said the statement.
Hawazen added, “As a result of the bold steps taken by Dubai’s leadership to further strengthen the emirate’s attractiveness for those looking to live, work and invest in the city over the long term, we have witnessed a steady shift in demand from busy urban centres towards more spacious, family-centric neighbourhoods in Dubai’s property market. Single-family homes in particular are seeing steady growth, as investors look to capitalise on current market prices, and families seize the opportunity to lay down roots and invest in their futures.”
“Staying true to Majid Al Futtaim’s commitment to sustainable design and living, the community features walkable neighbourhoods connected by a meticulously crafted network of green spaces, pathways, cycling tracks and jogging trails flanked by evergreen Ghaf trees which are indigenous to the UAE and lend the development its name,” he concluded.