|Eshraq Properties Announce Expansion of Portfolio with Multiple Projects in the UAE|
: Eshraq Properties, a leading real estate company announced the inception of new projects in Dubai and Abu Dhabi, at a press conference held at Emirates Palace Abu Dhabi, earlier today.
The Chairman of Eshraq Properties Mr. Jassim Al Seddiqi, unveiled the Jumeirah Village Circle as a premium residential and leisure destination in Dubai that comprises of three plots assigned for commercial, residential and hospitality purposes. Located at one of the most vibrant hubs of Dubai, the Jumeriah Village Circle is in close proximity to the business district and lies 12 kilometres from the Dubai International Airport, Dubai Convention Centre and the Exhibition Centre. The property plan includes a shopping quarter, state-of-the-art gymnasium, and a swimming pool.
In Abu Dhabi, Mr. Jassim Al Seddiqi revealed the much-anticipated Marina Rise Project located on Reem Island and comprises of Marina Rise C1 and Marina Rise C3 set to provide commercial and residential spaces, and Marina Rise C2 that has been assigned to be a hotel that comprises of luxury suites, two restaurants and a roof space that boasts exemplary views.
The Marina Rise Project on Reem Island is within walking distance of Galleria Mall and Cleveland Hospital that features transcendent views of the Abu Dhabi skyline. The project is designed to be a key landmark of the island following the projected value of its location.
The Gateway Mix Used Buildings located in Sas Al Nakheel was the finale to Mr. Mohamed Al Seddiqi’s presentation announcement. The project is located at the entrance of Abu Dhabi lying adjacent to the Sheikh Zayed Bridge. Covering an expanse of 77,000 m2, the property will adhere to world-class standards making the Gateway a unique and prime area of the capital.
Promoted as a city within a city, the Gateway is a haven for families as it will feature an upscale shopping mall, and a 4-star beach hotel flanked by 12 cottages with pool access. The hotel itself will have 7 floors with luxury suites and long-stay apartments. In addition, the Gateway has three residential buildings ranging from six to eight floors and comprises of 180 units. The buildings replicate the concept followed in Jumeirah Beach Residences (JBR) with shops adorning the ground floor. To add to the splendour, the village will have an exquisite mosque ornamented with intricate details.
Mr. Jassim Al Seddiqi stated, “Eshraq Properties is proud to have built a unique portfolio of diversified properties, many of which are long-established and iconic to the Emirati lifestyle and culture. We are excited for the new additions to our portfolio which are a significant contributor to the economy, society and community of the UAE.”
“Eshraq Properties is looking forward to escalate our rate of growth in the upcoming year and increase shareholder value in the long term. Under the strong leadership of the UAE government, progress and further development for the country is inevitable,” added Mr. Mohamed Al Seddiqi.
Eshraq Properties founded is a leading public shareholder company that produces properties that are the definition for quality, excellence and innovation. The fully-integrated and self-managed real estate company has an impressive portfolio that consists of projects in Dubai International Finance Centre (DIFC) and Jumeirah Dubai.
The new projects are set for a 2021 opening.