Dubai: Dheeraj & East Coast (DEC) on Thursday unveiled two new projects - Garden Heights and HQ - to be built at an investment of over Dh700 million in Jumeirah Village.
With the launch of the latest projects, DEC's investment in Jumeirah Village crosses Dh1 billion.
DEC's upcoming five phased-development in Jumeirah Village-the Lawns is being built at an investment of over Dh300 million.
Dheeraj Wadhawan, managing director of DEC, said: "The new projects come in the backdrop of a strong investor enthusiasm towards our previous project in Jumeirah Village - the Lawns, with 100 per cent of the project already soldout.
"Our latest projects will benefit from our reputation of delivering modern, sophisticated, customer-oriented and yet competitively-priced and value-driven realty solutions.
The Dh300 million Garden Heights is a freehold residential project with ground floor dedicated to retail space. With a built-up area of over 231,000 square feet, the development includes four floors of basement parking and 24 floors of mixed-use space.
The development offers 280 residential units including two-floor of 31 three-bedroom duplexes, 65 one-bedroom apartments, 36 two-bedroom apartments and 146 studios.
The project is scheduled for completion in the third quarter of 2011.
Office space
The Dh400 million HQ is a purely commercial project with a built-up area of 300,000 square feet.
Slated for completion in the third quarter of the 2011, office space in the HQ has been very competitively priced.
Currently, DEC has 18 upcoming projects in Dubai, with an investment cost of over Dh4.5 billion.
