Sunday, November 02, 2008

Avanti Holding launches Dh.1bn worth new projects in Dubai

Serenity Lakes
Three new projects, worth a total of Dh.1bn have been launched simultaneously in Dubai by the master developer, Avanti Holding, thereby reinstating the company's position as a major player in the UAE property sector.

About 6 projects have already been delivered in the UAE by the company during the past two years. The new projects are targeted mainly towards the upper middle class. The first project being, 'Serenity Lakes', second is the 'Giordino Rotondo', both of which will be located in JVC, while the third, namely, 'Archery Tower' will be located at the Sports City.

Khaled Chaaban, the Chief Operating Officer of Avanti, said the launch of three new projects is a major example of the major investment being made in the region, aimed towards leading the boom witnessed by the property sector.

The company has already commenced construction phases on all three projects, and the ground breaking is being planned, while the company is awaiting the last NOC from the Land Department.

Chaabaan appreciated the move taken by RERA in regulating the market, which is a step in the right direction, which adds value to all stake holders in the Real Estate Market in Dubai.

Avanti Holding is a 100 percent RERA (Real Estate Regulatory Authority) compliant company, with all its systems abiding by the new regulations to protect interest of all parties. Its total projects till date is worth Dh.55bn including the UAE.

4 comments:

Anonymous said...

Dr Daoud, what is the status on The Palisades Development? Money has been taken from the investors yet there has been no development at the site in Dubai Investments Park. We, as investors, need to know the status and we need to know that our money is safe. With no development having taken place, we expect to have our money returned to us. Many of us have lodged complaints against the developer, Pearl Properties, at the RERA website. Please contact your investors to provide a proper status update.

Anonymous said...

Dr Daoud i have invested in your serenity lakes project,you have taken monies which has been placed in escrow.i need to know the status at this present time,as no development has taken place, and wish to have my investment repaid.

Anonymous said...

IS SERENITY LAKE DEVELOPMENT DEAD?

rsa

Anonymous said...

No use of talking all the time, nothing is going to happen with Daoud as reflection towers swallowed my big money and nothing I get back from them.Making people regret to buy off plan properties.