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Jumeirah Golf Estates (JGE) is positioning a new collection of residences in the mid-market property segment, offering units from Dh597,000.
Al Andalus will comprise town houses, apartments and a community centre and join JGE’s portfolio of Mediterranean neighbourhoods. It will have 625 residences — 550 one-, two-, three- and four-bedroom apartments, and 75 two-, three- and four-bedroom town houses — along with retail, hospitality and food and beverage outlets.
“JGE is one of the few places in the Emirates to be surrounded by nature with its 15 lakes and wildlife,” said Yousuf Kazim, CEO of JGE. “Located in the heart of the development, Al Andalus will offer homeowners an experience in affordable luxury with a host of value additions and world-class amenities.”
Al Andalus signals a transition for JGE as it seeks to provide good mid-market accommodation.
“Taking note of strong demand for mid-market homes, the launch of Al An-dalus creates an even more diverse real estate proposition within JGE, meeting the needs of a sizeable and growing market of buyers,” said Kazim. JGE is set to unveil a new master plan for phases two and three of the development.
The company announced that its profit increased by 68 per cent to reach Dh430 million last year compared to 2013.
Source: Property Weekly