Andalusia Courtyard to open by year-end
The project will spread over 9,300 sqm and will feature facilities that will serve communities including the Arabian Ranches, Nad Al Sheba and Victory Heights
Dubai-based real estate developer Al Andalusia Courtyard is poised to launch its new family business district, Andalusia Courtyard. The project is being developed in the Majan area of Dubailand and will feature a mix of entertainment and leisure venues, sports attractions, tourism complexes and residences suitable for families.
According to a statement, the $11m project is expected to open its doors to visitors by the end of this year. Spread over 9,300 sqm, the development will feature an open-air commercial complex with 33 different shops serving residential areas in the Majan area and the surrounding residential communities including Arabian Ranches, Nad Al Sheba and Victory Heights.
“We started work on the project during the pandemic and we were confident that the economic situation in Dubai would stabilise, so we were keen to follow up on the work and complete it as per schedule,” said CEO Saleh Tabakh.
Al Wathba Building Contracting Company is the main contractor, while CVTech Consultants Engineers are the architects of the project.
Tabakh also pointed out that despite the challenges, it was now on track to finish the project and hand it over by the year-end. Commenting on future plans, he stated that the company is investing in residential projects with new and distinctive services.
“Our current strategy is to find opportunities in the market to purchase new lands within existing projects, as we seek to develop two new projects being studied at present. The main idea is to develop projects that have untapped opportunities, which adds an advantage and value to the project in the interest of the developer, residents and buyers,” he explained.
He also pointed out that Al Andalusia Courtyard seeks to attract Saudi investments to the UAE, as an important gateway to the real estate market and to the Saudi investor due to its distinguished relations and experience in the real estate market.
“The company seeks to offer new portfolios and new investment opportunities to attract a larger number of Saudi investors,” Tabbakh commented.
He also revealed that the value of the company’s total investments will reach $43.6m next year, rising to $81.7m within three years.
