Hundreds of homes are now being handed over by Developer Tanmiyat Group to investors to flagship project Living Legends taking after association with Dubai’s power and water grid.
Tanmiyat Group is a Saudi Arabia-based privately owned business and has given away keys to the 184 villas and one tower building which comprises of the first phase of the single biggest residential project in the overall master development being developed in Dubailand.
The move prepares for full distribution of every one of the fifty-two villas and twelve residential towers inside the 139 hectares of Living Legends neighborhood .
The private units will be accompanied by a 9 hole golf course, doctors clinics, schools, centers, a shopping center, a luxurious hotel, and an extensive variety of recreational facilities.
Tanmiyat Group’s chief executive officer Mr. Mohammed bin Odah, declared: “Tanmiyat is pleased to get an affirmation from DEWA that stage one of Living Legends is completely powered up and prepared for investors to get the keys to their fantasy homes. This is a fulfilling moment for us as we achieve a gigantically significant breakthrough in the most imperative task in our portfolio.
“Living Legends is an incredible expansion to Dubai’s property market. It offers a serene living environment in the midst of expansive regions of open green space and comfort facilities, an extensive variety of alluring unit sizes, and a solid rate of profitability.”
In terms of value, size and number of units, Living Legends is Tanmiyat’s flagship venture. The whole community which approximately cost 1.9 billion dollars or AED 7 billion is comprised of 12 residential towers holding up 2,600 roomy apartments altogether, and additionally 500 extravagant villas and a scope of amenities and recreation facilities.
The street and utility infrastructure is completely finished, and sales are picking up the pace with 88% of the whole venture sold out. The handover presentation speaks to Tanmiyat’s dedication to guaranteeing 100% consummation of Living Legends taking after the needs of the 2008 to 2009 financial crisis.
“The journey to this point has accompanied numerous difficulties as we and whatever remains of the real estate business confronted the property crash and its repercussions,” said Mohammed bin Odah. “As a private developer, we self-subsidized the whole Living Legends venture and, in spite of being severely hit by the financial challenge, figured out how to rebuild without the support from financial backing or bank bailout.”
Tanmiyat is currently completely centered on finishing the second period of Living Legends, which is due for handover in the final quarter of 2016. The whole community, including the full line up of facilities, will be prepared by the end of 2017.
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