UAE’s modern real estate developer Lootah Real Estate Development has announced the on-time completion and delivery of its latest residential project in Jumeirah Village Circle (JVC), The Waves, catering to the “essential requirements of communities, while ensuring the very highest standards of living,” Invest-Gate reports.
The 135-unit affordable housing property is the first project that Lootah has handed over in 2019, adding to its portfolio of real estate assets in Dubai’s popular JVC community, according to an official statement on January 29.
The Waves’ housing units range from studios of 45 square meters to two-bedroom units and loft apartments as big as 185 square meters, featuring a swimming pool, gym, spacious lobby, alongside shaded parking spaces.
In its statement, Lootah affirmed its commitment to building an “unprecedented level” of mid-market homes in the UAE.
The developer’s announcement came during the handover ceremony for The Waves, which was attended by Lootah’s top management officials and key stakeholders.