Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction Group, has announced that its signature project, the AED 225 million Le Grand Château, has been completely sold out. Al Fara'a is on track towards its timely completion and subsequent delivery in the fourth quarter of 2008, thus becoming one of the first to deliver a project within Jumeirah Village.
This comes at a time of increasing competition from an unprecedented growth in developments in the region, and according to J.R. Gangaramani, CEO and MD of Al Fara'a Construction Group, is a result of the company's solid background, multi-discipline group structure and strong commitment to delivering world-class properties.
"Dubai has developed into the paramount trading platform and tourist destination in the Middle East, with an estimated 2,100 construction projects planned or underway across the Gulf in a market valued to be around the USD 1.5 trillion mark.
Therefore, setting our developments apart in terms of quality, service, timely delivery and value are key drivers of Al Fara'a Properties," said J.R. Gangaramani.
The strong interest shown in Le Grand Ch?teau reflects Al Fara'a Properties' ability to create new offerings that cater to the exact requirements of its clients according to Natasha Gangaramani, Director, Al Fara'a Properties. "We are intent on offering a total, tailored, quality product and I am convinced that investors will see significant capital appreciation. The luxurious, majestic design of Le Grand Château is also a fitting tribute to the quality and standard of craftsmanship our customers associate with the Al Fara'a brand. This is a quality that is unique to Al Fara'a Properties because our multi-discipline affiliates control at each and every stage of the development," added Gangaramani.
Located at the heart of the Jumeirah Village community and adjacent to a green belt, the much sought-after Le Grand Ch?teau is inspired by the timeless
architectural splendour of the 16th century Chateaux of the Loire Valley in France.
All Le Grand Château properties will be finished to the very highest standards -
from furniture to lighting - each being conceptualised and manufactured by an elite group of specialists. The development comprises 15 luxurious, feature-filled 4 bedroom G+2 townhouses and a residential apartment block with a total of 185 studio, 1, 2 and 3 bedroom apartments that overlook a beautifully landscaped inner courtyard, and features a host of amenities including 24-hours security and maintenance, Broadband internet connectivity, and a professionally managed clubhouse.
