Dubai to welcome new Business District

Andalusia Courtyard, a Dubai-based real estate developer, is ready to launch the new family Business District “Andalusia Courtyard” located in the heart of the “Dubai land” , which offers an exceptional mix of world-class entertainment and leisure venues, sports attractions, tourism  complexes and residents suitable for families.

The Andalusia Courtyard project is considered the first project of the  Andalusia Courtyard real estate in Dubai, as it is expected to open its doors to visitors before the end of this year. The project is located in the Majan area in Dubai land, on an area of 100,000 square feet, at a total cost Dhs40 million.

“We started  work in the project during the pandemic time and we were confident that the economic situation in the emirate of Dubai would stabilize, so we were keen to follow up on the work as scheduled,” said Saleh Tabakh, CEO.” We continue  work on the project so as to be ready for handing over before the end of  2021,” he added.

Tabakh said that the company seeks to invest in residential projects with new and distinctive services.

The main idea is to develop projects that have untapped opportunities, which adds an advantage and value to the project in the interest of the developer, residents and buyers.

“Our current strategy is to find opportunities in the market to purchase new lands within existing projects, as we seek to develop two new projects being studied at present.

The company’s investments will not be limited to commercial centers, but it is in the process of launching distinctive housing projects that will be announced soon, as it is currently  assessing the necessary approvals for licenses in order to launch three new  projects,” he said.

“The company aims to focus on investing in the areas that are identified by their specialized team .

 

Perhaps the most prominent merits of these areas is the existing projects that have the ability of being developed and opportunities to increase their market value, ” he added.

He pointed out that Al Andalusia Courtyard seeks to attract Saudi investments to the United Arab Emirates as an important gateway to the real estate market and to the Saudi investor due to its distinguished relations and experience in the real estate market.

“The company seeks to offer new portfolios and new investment opportunities to attract a larger number of Saudi investors ,” Tabbakh said.

The CEO revealed that the value of the company’s total investments will reach Dhs160mn next year, which will be increased by Dhs300mn within 3 years.

The project includes an open-air commercial complex with 33 different shops serving residential areas in the Majan area in the heart of Dubai, and the surrounding areas on a 12-kilometre perimeter such as “Arabian Ranches”, “Nad Al Sheba” and “Victory Heights”.

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