DIP’s Green Community project on track to deliver townhouses in Q2
dubai — Phase III of the Green Community West Dubai Investments Park (DIP) is progressing as per schedule, with 76 townhouses in Stage 1 to be handed over in the second quarter of 2017.
Phase III, covering an area of 1.48 million square feet and a natural extension of the Green Community development, comprises a total of 210 townhouses, including 122 four-bedroom and 88 three-bedroom townhouses, 16 duplex apartments, retail units, recreational centres, swimming pools, squash court and landscaped areas. Developed by Properties Investment (PI), the project progress and details were unveiled at a special event in the presence of Khalid bin Kalban, chairman of PI, and managing director & CEO of Dubai Investments. Exciting payment plans spanning two years to eight years are also on offer directly from the developer.
The project’s Stage 2 will include 96 townhouses and is expected to be handed over by October 2017; and the Stage 3, comprising 38 townhouses, 16 apartments and retail units, is expected to be completed by end of 2017. The total built-up area of the project is 1.01 million square feet and sellable area is 976,718 square feet. Khalid bin Kalban said: “The fundamental drivers of UAE’s real estate sectors are strong, with investor confidence and interest on the rise. Concurrently, Dubai’s growing reputation as the business and leisure hub, coupled with the anticipated demand for Expo 2020, are expected to catapult the Emirate’s real estate sector in the coming months. Amidst these trends, Properties Investment’s Green Community project offers an unmatched investment opportunity.”
He added: “Since its inception, Properties Investment has set new benchmarks in establishing pioneering residential concepts such as Green Community with unparalleled quality standards. The company is aiming to continue its solid legacy through the Green Community West DIP – Phase III, with its townhouses and duplex apartments offering robust opportunities to both endusers and investors.”
Green Community West DIP – Phase III will also include an expanded market section, with enhanced commercial and retail options to support the needs of the residents and visitors, added Kalban.
Dewan Architects and Engineers are the lead consultants and Shapoorji Pallonji Mideast are the main contractors of the Green Community West DIP – Phase III project. Covering 67 hectares of residential, leisure, retail, and commercial properties, the Green Community development prides itself on its modern surroundings and tranquil environment.