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KUALA LUMPUR (March 21): Dubai Properties (DP) announced yesterday the start of construction works of its flagship 1/JBR project, an iconic 46-storey luxury residential tower at the entrance of Jumeirah Beach Resort (JBR) in Dubai.
1/JBR, which was unveiled during Cityscape Global last year, comprises 153 units of 2- to 4-bedroom apartments and 5-bedroom penthouses with “exquisitely crafted interiors”, and is expected for completion and handover in 2019.
“1/JBR is a testament to DP’s distinguished portfolio, as it broadens our residential offerings across Dubai.
“This ground breaking marks an important phase of this highly-anticipated development, reinforcing our commitment to delivering key projects at one of the Emirate’s most sought-after beachfront destinations, JBR,” said DP executive director of sales and sales operations Marwan Al Kindi in a recent statement.
DP’s sales partner Gulf Sotheby’s International has opened all units for registration but sections of the tower will be released for sale in different markets.
DP’s diverse real estate portfolio includes a host of mixed-use contemporary residential, retail, commercial and retail developments in Dubai such as The Executive Towers in Business Bay, The Villa in Dubailand, Culture Village in Dubai Creek, and retail developments such as Shorooq, Ghoroob and Al Khail Gates communities.
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