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UAE realty industry in fine fettle, more weight on Expo 2020

UAE realty industry in fine fettle, more weight on Expo 2020
The UAE real estate industry is in fine fettle and winning the Expo 2020 title has further strengthen the property sector in the emirates, with improved performance across the majority of sectors, according to the Gulf Today.
This was stated by Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, during an exclusive interview to The Gulf Today on Monday.

Lootah Real Estate Development, a Dubai based high-end real estate developer, has announced the official launch of its Shamal Community development for sales at Jumeirah Village Circle in a press conference in Dubai.

“We are witnessing a cautious but massive investor interest and high demand for the quality lifestyle in our Shamal Community,” he added.

With an overall project cost of Dhs350 million, Shamal Community spans over 147,000 Sq Ft. The new development consists of the Shamal Terraces, a cluster of three bedroom villas with optional swimming pools; and the Shamal Residences, a mixture of high-end studio apartments and one bedroom lofts.

“Our tie-up with specialized partners is aimed at creating high quality and competitive residential offers to our valuable investors and occupants. We assure superior pre and post sales services and long term relationships.” Lootah asserted.

Lootah Real Estate has already delivered over 1,000 units to its satisfied occupants in Ewan Residences - Dubai, with many more planned for the future in other communities. Shamal Community is strategically located on the intersection of two major roads in Dubai – Sheikh Mohammed Bin Zayed,Road and Al Khail Road and in close proximity to Jumeirah Park, Emirates Living Community, Dubai Marina, Palm Jumeirah and golf courses.