Dubai: Al Fara'a Properties on Sunday launched a Dh95 million project, Mulberry Mansions, which is a part of the developer's planned projects worth Dh6.5 billion for 2008.
The residential development, which comprises 23 luxurious town homes, marks Al Fara'a's third project in Jumeirah Village, following the Le Grand Chateau and 'Manhattan Luxury Apartments.
Mulberry Mansions is expected to be complete and ready for delivery in the third quarter of 2009.
"The criteria for investors in choosing suitable developments have evolved in identifying projects that incorporate highly functional facilities and luxurious amenities.
"Inspired by this insight, the Mulberry Mansions project stands as a testament to the uniqueness of our offerings, which is being recognised by both regional and international customers," said J.R. Gangaramani, chairman of Al Fara'a Construction Group.
Each Victorian-styled two-storey townhouse will include four bedrooms, a private two-car garage, a terrace, a balcony, maid's room with separate access, and a small private garden.
Selected townhouses at the far sides of each row of the plot will be incorporated with private swimming pools within side gardens.
"With the launch of our third project in this high profile location well under way, we are on track to exceed the Dh2.5 billion investment plans we had initially outlined for 2008.
"We now intend to invest Dh6.5 billion this year, and we fully expect to equal if not surpass the records set by our previous projects in terms of customer appreciation and sales," said Natasha Gangaramani, director, Al Fara'a Properties.
