Al Fara'a delivers project at Jumeirah Village
Developer hands over Dh225m development to residents six months ahead of schedule
Dubai: Al Fara'a Properties, a member of the Al Fara'a Group, has delivered the Dh225 million Le Grand Chateau (LGC) project at the Jumeirah Village. It is one of the first developers to allow residents at the Jumeirah Village.
The Dubai Land Department and Nakheel Properties, the master developer of Jumeirah Village, commended Al Fara'a for being the first to deliver in its community development and for completing the project six months before its scheduled 2010 deadline.
Located in the heart of Jumeirah Village, Le Grand Chateau draws inspiration from the architecture of the 16th century Chateaux of the Loire Valley in France. The development comprises 15 luxurious four-bedroom G+2 townhouses, a residential block with a total of 185 apartments, and a range of amenities including a gymnasium with aerobic facilities as well as entertainment and lifestyle areas, which will cater to all residents, including some 50 families who have moved in.
Sultan Butti Bin Mejren, Director General of the Land Department, said, "The Dubai Land Department wishes to congratulate the first batch of tenants on their move into Le Grand Chateau and for the excellent investment they have made with this exceptional project.
"The Land Department continues to provide support for developers like Al Fara'a, who despite the impaired market conditions still managed to honour their commitment to on-time delivery of projects."
Al Fara'a Group has provided LGC investors access to flexible financing options for the project through Abu Dhabi Commercial Bank (ADCB).
"We are extremely humbled by the praise and votes of confidence given to us by officials from the Dubai Land Department and Nakheel," said Natasha Gangaramani, Director, Al Fara'a Properties.
"We have built ‘Le Grand Chateau' with a lot of attention to detail and based on the rich learning and study of lifestyles that we have established in the last three decades.
"The Al Fara'a Group has a wealth of knowledge, experience and expertise and Le Grand Chateau reflects the 360 degree care and intelligent approach we have towards our developments."
At the handover ceremony, Nakheel praised Al Fara'a as an innovative developer that consistently pushed boundaries to deliver in line with their goal of Jumeirah Village as a luxury community that will exceed the expectations of investors for years to come.
