- Roughly 1,800 off-plan townhouses in Al Furjan have been bought since 2021
- Greater than 850 flats are at the moment underneath development or within the planning part
- Al Furjan is fascinating with two metro stations offering central entry to Dubai hotspots
Homegrown actual property developer, ZāZEN Properties, has introduced its new improvement in Al Furjan, ‘ZāZEN Gardens’. A present unit and gross sales middle shall be on the challenge web site, with off-plan gross sales scheduled to start out in November 2022.
As a first-of-its-kind challenge, the groundbreaking of the LEED GOLD licensed & Wellness built-in improvement is scheduled to start out subsequent month. Consisting of 159 items, flats will span from 824 Sq Ft to 1,612 Sq Ft and cater to traders and finish customers alike. Due for handover in April 2024, the challenge additionally has two shops on the bottom ground that can cater to guests and residents within the Al Furjan neighborhood.
Sustainability and wholesome residing are on the coronary heart of ZāZEN Gardens. Other than world-class facilities, the event boasts 35,000 Sq. Ft. of landscaping, a number of recycling stations, EV charging stations, and photo voltaic panels on the rooftop which can assist scale back widespread space service fees for homeowners. Each indoor and out of doors areas shall be rigorously deliberate in any respect levels of improvement, guaranteeing that the LEED Gold standards are met and the challenge minimizes its carbon footprint whereas offering one of the best surroundings for households to develop.
This progress comes on the heels of ZāZEN Properties finishing the handover for its flagship improvement, ZāZEN ONE, in JVT earlier this yr. The challenge bought out in a matter of months and subsequently received the “Finest Sustainable Mission of the Yr” on the Sustainability Innovation Awards, and the “Finest Residential Mission of the Yr” on the Arabian Property Awards. ZāZEN Properties will now convey the identical degree of high quality, design, and total expertise to Al Furjan.
Off-plan developments have change into more and more standard within the UAE, with almost 5,200 items, equating to AED 13 billion price of recent stock in June of 2022 alone[1]. Since 2021, almost 1,800 townhouses have been bought off-plan within the Al Furjan space and all of those transactions have been launched by the grasp developer of the world. These items are at the moment underneath development, with handover scheduled for the second half of 2024 and thru 2025.
Equally, over 850 flats within the space are within the planning part or have already begun development with handover scheduled for a similar timeframe of mid-2024-2025. Effectively-known personal builders have initiated these launches and a major 570 items, comprising 66% of the present upcoming provide, is being supplied by a single personal developer.
Madhav Dhar, Co-Founder, and COO of ZāZEN Properties commented: “Peak curiosity within the Al Furjan space reinforces the district’s energy as a micro market. The Expo 2020 metro line launch has seen two stations stand up inside the space, offering easy accessibility to famend Dubai landmarks and communities comparable to Dubai Marina, JLT, Media Metropolis and Barsha Heights. And with plans underway to transform the Expo2020 web site right into a blended use hub (Expo Metropolis Dubai), the Al Furjan residential district will proceed to be a most popular alternative for the UAE’s middle-class and upper-class inhabitants. The second quarter of 2022 noticed a close to 90% occupancy fee in Al Furjan’s vacant condominium listings and we count on the world to expertise a steady inflow of traders, home-buyers, and renters. With our subsequent launch, proper close to the Gardens metro station, we’re excited to convey added worth to Al Furjan and lift the general residing expertise and high quality degree of residential developments within the space, much like what we achieved in JVT with ZāZEN One. Our subsequent challenge, ‘ZāZEN Gardens’ won’t solely be LEED GOLD licensed, and deploy onsite renewable power by means of photo voltaic panels, however it should additionally introduce a brand new idea of Built-in Wellness Design inside the constructing, resulting in more healthy and happier environments for each homeowners and tenants.”
Al Furjan has seen a progressive growth since its preliminary improvement and its rising attraction is now enhancing one in all Dubai’s hottest residential districts. With its shut distance to many fascinating locations in Dubai, comparable to colleges and healthcare amenities, the world’s attraction will proceed to develop over the approaching years, and ZāZEN Properties is dedicated to including worth to the complete catchment space with its new improvement.