Real Estate

Majid Al Futtaim Communities has emphasised the resilience of the UAE real estate market by holding a ground-breaking ceremony for their lately released Elan neighbourhood at Tilal Al Ghaf on July 12. The move officially begins the building phase of the growth, moving the project one action closer to its planned delivery by December 2022. The milestone complies with the sale of 594 total units in phases one and two of Elan, representing a total sales value of AED 900 million.

The ground-breaking event shows Majid Al Futtaim's steadfast dedication to its consumers' financial investments, the durability of Dubai's real estate market, and also a period of heightened stability noted by expanding confidence amongst residential or commercial property customers.

Making up a mix of three- as well as four-bedroom residential properties, Elan is a unique gated neighbourhood within Majid Al Futtaim's flagship Tilal Al Ghaf development. While establishing a brand-new benchmark in the townhouse section in Dubai, Elan homes were used at appealing cost factors and with an affordable layaway plan. True to the programmer's vision to make every day at Tilal Al Ghaf feel like a weekend, the neighbourhood's compelling features include an entertainment lagoon, outside cinema, three community centres, a physical fitness centre, and BARBEQUE terminals. Its design and building draw from Majid Al Futtaim's unique philosophy of placemaking, developing a genuine one-of-a-kind domestic option that sets an extremely high benchmark in the UAE building market.

Hawazen Esber at Majid Al Futtaim Chief Executive Officer, Communities, said: "Investors have certainly been inspired by our vision for Tilal Al Ghaf, which has translated into an outstanding sell-out of phase one and two of Elan's neighbourhood. We greatly appreciate our customers' commitment to this project and will continue working closely with them as we confidently move closer toward delivering the community we've promised. The imminent construction of Elan is an important step toward creating a unique lifestyle destination that redefines residential living in Dubai."

He added, "Tilal Al Ghaf has been formed to develop an unmatched sense of belonging in Dubai and curate a growing area with everything a family can need. This contribution to healthy and balanced and satisfied living is now more important than ever, and also we're thrilled to bring it to households in the emirate. As we progress via the building and construction stage, we reiterate our commitment to surpassing our consumers' assumptions by producing a lifestyle location as well as an aspirational community that will certainly come alive, driven by signature experiences."

The centrepiece of the neighbourhood is the leisure lagoon, fringed by white sandy beaches that suit a range of water sports. Additional positioning Elan as one of the most desirable neighbourhoods on the marketplace is an abundance of wellness centres, including a tennis court, basketball court, biking and jogging tracks, swimming pool, as well as an interior fitness centre. A 24/7 grocery store likewise elevates the comfort for locals. Furthermore, mirroring the larger neighbourhood name and also honouring regional UAE heritage, 1,200 indigenous Ghaf trees have been grown up until now to create serene routes within the very walkable neighbourhood.

Tilal Al Ghaf's convenient central area has been a major draw for purchasers thus far, going to the joint of Hessa Road as well as Sheikh Zayed Container Hamdan Al Nahyan Road in Dubai. The growth also neighbours the costs golf areas of Success Levels as well as Jumeirah Golf Estates.

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