It seeks to attract Saudi investments worth 300 million dirhams to the UAE
Andalus Courtyard opens its first real estate project in Dubai
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Andalus Courtyard, a Dubai-based real estate development company, is preparing to announce the launch of the new family business district "Andalusia Courtyard" located in the heart of the "Dubailand" project, which offers an exceptional mix of world-class entertainment and leisure venues, sports attractions, tourism and complexes. Residential suitable for families.
The Andalusia Courtyard project is considered the first project of the Andalus Courtyard real estate development 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 Dubailand, on an area of 100,000 square feet, at a total cost 40 million dirhams.
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".
The location of the project in the Majan area of the "Dubailand" project is the most important feature of it, as it is located on Sheikh Mohammed bin Zayed Road and near the vital areas of Dubai. The project is 4 minutes away from IMG Worlds of Adventure, one of the largest theme parks in Dubai. The emirate, 8 minutes from Global Village, 23 minutes from Downtown Dubai, 27 minutes from Dubai Marina, 22 minutes from Dubai International Airport, and 34 minutes from the new Al Maktoum International Airport by car.
In addition to its location near downtown Dubai, the project is characterized by its sustainable character and architectural design that combines innovation and creativity, as the commercial complex includes three areas surrounding parking lots to provide the idea of architectural balance and ease of access to all stores equally and with ease.
In addition to this project, Al Andalus Courtyard plans to launch a number of other projects in Dubai, which will be announced during the last quarter of this year.
Saleh Tabakh, CEO of Al Andalus Courtyard Real Estate Development, said: "We started implementing the project during the pandemic and we were confident that the economic situation in the Emirate of Dubai would stabilize, so we were keen to continue working according to the drawn plan... and we are continuing to work until the project is ready." To be delivered before the end of the current year 2021.
Tabakh added: "The company seeks to invest in residential projects that need 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."
He continued: "Our current plan is to find opportunities in the market to buy new lands within existing projects, as we seek to develop two new projects under study. 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 completing from obtaining the necessary approvals for licenses in order to launch three new real estate projects.
He added: "The company aims to focus on investing in the areas that are identified by a specialized team affiliated with it. Perhaps the most prominent feature of these areas is the presence of existing projects that have development and improvement opportunities to increase their market value."
He pointed out that Andalus 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, adding: "The company seeks to offer new portfolios and new investment opportunities to attract a larger number of investors the
Saudis. "
Saleh revealed cook, that the
value of the
total investment of the
company will reach 160 million dirhams in the
next year, and the
target increase by 300 million dirhams over three years.
the leap Building Contracting company is the
main contractor in the
implementation of the
" Al -
Andalus Court Yard "project, while CV Tech Consulting Engineers is the architect of the project.
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