Dubai-based The Condor Developers has announced the launch of its fourth residential project – Condor Sonate Residences – in Jumeirah Village Triangle (JVT). The new development is part of a portfolio expansion strategy aimed at boosting the group’s realty investment value to over US $680mn by 2027.
Spread over 396,764sqft, Condor Sonate Residences will comprise 48 studios with an average area of 480sqft, 134 one-beds with an average area of 866sqft, 28 two-beds with an average area of 1,333sqft, and three-beds with an average area of 2,040sqft.
A homegrown luxury real estate brand, The Condor Developers said following this launch, it is now gearing up for three more projects which will be unveiled by the year-end. These projects will come up in prime residential districts, including Dubai Island, Al Majan and Dubai Sports City.
Speaking at the launch, Chairman and CEO Vidhyadharan Sivaprasad said, “Condor Sonate Residences comes with first-of its-kind wellness amenities and is created as a development where luxury meets serenity in the much sought-after JVT community. Investing in JVT offers a guaranteed higher RoI, with home values projected to rise on the back of an influx of overseas investors and major developments in the pipeline, including the upcoming metro station by 2030.”
Condor Sonate Residences will have 31 floors, excluding its five main podiums. There will also be more than 3,220sqft of retail area, as well as a leisure and recreation area featuring open cabanas, sun loungers and ‘green’ jogging pathways.