Property

JLL inks exclusive deal with ZāZEN Properties to sell units at new JVT residential development

ZāZEN One is a Trakhees LEED certified green building, with solar panels helping to reduce the buildings’ energy consumption by up to 25%

JLL has signed an exclusive mandate to sell residential units at a new residential development in Dubai’s Jumeirah Village Triangle (JVT). ZāZEN One is said to offer modern design, a multitude of facilities and unique features to cater to the mid-market segment consumer.

According to a statement from JLL, the agreement was signed at an official ceremony between Madhav Dhar, co-founder & COO of ZāZEN Properties and Will McKintosh, senior director and head of Residential & Investment Transactions, MENA at JLL.

“ZāZEN One is a unique proposition, offering contemporary amenities, typically found in large communities, within a single building. It plays host to an array of attractions, both within and around the development, a feature increasingly sought out by potential buyers,” explained McKintosh.

The residential development is said to be located off Al Khail road and offers several amenities including a temperature-controlled swimming pool, fully-equipped indoor and outdoor gym, 350m jogging track, community garden, kid’s play area, rooftop deck and barbeque area, resident’s lounge and private study area with Wi-Fi, among others. The statement noted that the project is a Trakhees LEED certified green building, with solar panels helping to reduce the buildings’ energy consumption by up to 25%.

Madhav Dhar, co-founder and COO of ZāZEN Properties added, “We are excited to be working alongside JLL, a partner who shares our values to deliver the best and smoothest experience with our customers. With this partnership and launch, we aim to build trust in our brand and offer a contemporary style of community living experience, in-line with Dubai’s Vision 2040. We are kicking off this partnership with our flagship project, ZāZEN One, carving out niche living spaces in the vibrant and established JVT community.”

JLL noted that, post COVID-19, the trend within the residential property market has shifted from an investor-driven market to an end-user market, given the recent government measures with regards to long-term residency visas in the UAE.

McKintosh added, “This has led to buyers increasingly looking for more space, low density projects across areas like Jumeirah Village Circle and JVT – exactly what ZāZEN One is offering. With more people spending time at home in the current environment, we expect an increasing number of projects like ZāZEN One to be introduced to Dubai’s property market.”

Construction of ZāZEN One is scheduled to be complete in December 2021, while the handover is being planned for end of January 2022.

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