Dubai introduces an $81.7 million investment in the Violet Tower project at JVC
Dubai Investments, a significant participant in the real estate sector of the UAE, has revealed intentions to undertake a fresh residential initiative in the vibrant neighborhood of Jumeirah Village Circle.
This ambitious endeavor entails the development of Violet Tower, a towering structure encompassing 27 stories and accommodating a total of 287 residential units. As a publicly listed entity on the Dubai Financial Market (DFM), Dubai Investments is allocating AED300 million (equivalent to approximately $81.7 million) towards this venture, overseen by its real estate division, Dubai Investments Real Estate (DIR).
A combination of studio, one-bedroom, and two-bedroom apartments can be found in the Violet Tower, which is slated to become a landmark in one of Dubai's most sought-after areas. The tower has been designed with a modern aesthetic in mind, and its prime location will allow it to serve a wide range of demands for people looking for high-end living. The Violet Tower promises an amazing selection of amenities aimed at improving the quality of life for its residents, in addition to its excellent location. A fun and comprehensive living environment for inhabitants of all ages is ensured by these amenities, which include a swimming pool, a fully furnished gym, places set aside for children's play, and more.
The Violet Tower is expected to be completed in 24 months, with construction set to begin in the second quarter of 2024. This timeline demonstrates Dubai Investments' dedication to satisfying the rising demand for residential real estate in Dubai's vibrant real estate market by completing high-quality projects in acceptable amounts of time. Dubai Investments Real Estate (DIR) General Manager Obaid Mohammed Al Salami reaffirmed the company's dedication to accommodating Dubai's citizens' changing requirements. He emphasized the Violet Tower, which offers discerning residents a blend of luxury and efficiency in response to the growing demand for upmarket residential complexes in JVC.
The Violet Tower's residential units will all have roomy balconies with expansive views of the neighborhood. In addition, the tower's close proximity to the Five Jumeirah Village Hotel enhances its appeal by providing tenants with easy access to supplementary facilities and services.
The Violet Tower also symbolizes Dubai Investments' commitment to providing creative and sustainable real estate solutions that support the expansion and improvement of Dubai's dynamic communities. The Violet Tower, situated in a prime position, boasts an elegant design and is prepared to raise the bar for luxury living in Jumeirah Village Circle.
