Al Andalusia enters Dubai’s residential real estate market
Maya Townhouse will offer a wide range of luxury amenities, as the developer debuts in lifestyle sector
UAE-based real estate developer Al Andalusia Courtyard has announced its entry into the residential properties sector in Dubai with the launch of ‘Maya Townhouse’. The project is being developed at a total investment value of US $32.6mm, the firm said.
Billed as a premium project, it is taking shape in the Majan neighbourhood of Dubailand. The developer said it will feature 30 luxury units, including villas of three size categories (one-, two- and three bedrooms), plus hallway.
Spread over an area of approximately 70,000sqft, Maya Townhouse is expected to boasts key lifestyle amenities such as playgrounds and recreational zones, as well as large areas of green space.
In early February 2023, Aldar Properties formed a JV with Dubai Holding to enter the Dubai real estate market and, later in the month, Deloitte said that its real estate outlook for Dubai and Saudi Arabia was positive.
Announcing the launch, Al Andalusia Courtyard CEO Saleh Tabakh said, “We currently seek to develop new projects in Dubai, and this is the group’s first project in the residential properties sector in the emirate, as well and its second project generally, after the opening of the Andalusia Courtyard project.”
“The development provides its tenants with accessibility and easy mobility to major landmarks and tourist destinations in Dubai, via the main road networks, e.g. Emirates Road, Umm-Suqeim Road and Sheikh Mohammad bin Zayed Road. Thus, the project is easily connected to all parts of Dubai,” he concluded.
In late February 2023, Taraf launches ‘Luce’ on the Palm Jumeirah.
