Construction

Ellington to build 88-unit project on Palm Jumeirah

Resort-style amenities will complement a development comprising six-bedroom and duplex units, the developer said

Ellington Properties has sealed a partnership with Shuaa Capital in order to develop a new residential project on the Palm Jumeirah in Dubai. Ellington will work on the project through its real estate development arm, Northacre, and Sol Properties, a unit of UAE-based Bhatia Group, the developer noted.

With nine residential floors, the new project will have 88 units comprising two to six-bedroom units as well as duplexes. The project will reflect Ellington Properties’ signature design-led approach, with exceptional features and resort-like amenities that will provide high-quality lifestyles, said a statement from the firm.

Architecture firm Bjarke Ingels Group (BIG) has been appointed to design the project, the company added.

In December 2021, Ellington Properties announced the topping out of Harrington House in JVC and, in March 2022, it signed an agreement with entrepreneur Abdul Razeq Abdul Ahad to develop a new residential project.

A senior representative explained that the partnership is a strategic alliance that brings together leading players in the investment and real estate industries, to work on an iconic project that will feature exquisitely-designed spaces for luxury living.

“It marks our further expansion to meet the growing demand for our design-led homes. By partnering with the best-in-class companies, we will leverage their expertise to develop stunning homes in prime locations across Dubai that will elevate people’s lifestyles,” remarked Robert Booth, Co-founder and Managing Director of Ellington Properties.

Northacre Chairman Jassim Alseddiqi remarked, “We are excited to embark on this partnership to realise our shared vision of creating contemporary luxury spaces and exceptional living and wellness experiences, while bringing to the project our meticulous attention to detail and passion for craftsmanship.”

In early November 2022, the developer said it started the handover of its Harrington House residential project.

Shuaa Capital Group CEO, Fawad Tariq Khan said the partnership was consistent with its continued successful investment strategy in the real estate market with the goal of increasing value for shareholders. “We remain committed to diversifying our investment portfolio across all major sectors of the market, including real estate,” he remarked.

This is Ellington’s third development on Palm Jumeirah, following the recently launched Ellington Beach House, a residential apartment project of 123 units, and The Ellington Collection, comprising nine prestigious beachfront villas.

0 0 votes
Article Rating

Comments

Most Popular

To Top
0
Would love your thoughts, please comment.x
()
x