UAE, Real Estate, Business2024. 09. 26

Citi Developers Unveils Major Dubai Project

View of Jumeirah Village Circle

Citi Developers Launches Second Project in Jumeirah Village Circle

The Citi Developers, a global leader in real estate development for over a decade, has announced the launch of its second project, Allura Residences, in Jumeirah Village Circle.

The project has a total cost exceeding 300 million dirhams, with residential units scheduled for delivery to customers in the second quarter of 2027.

"The payment plan is excellent, with just 1% monthly until delivery," said Othman Tariq, Director of Citi Developers' sales center.

Tariq emphasized that Dubai has become a global prime destination for real estate investments. "We will develop additional projects. We are here, and thanks to the strong support of the Dubai government, developers and other stakeholders, particularly customers, feel secure when buying and managing properties in the city. They trust not only the developers but also Dubai itself, knowing their money is safe in national accounts. This wasn’t the case 10 years ago, but now the market is extremely stable and will continue to grow as Dubai's master plan supports this. The population is expected to double in the coming years, which means there will always be a need for more residential projects. We are committed to developing high-quality projects at very affordable prices, making it easier for customers to purchase. This is our motto and promise to cooperative investors."

"Customers are very smart; they know that regardless of global economic issues, Dubai is the place to secure their investments."

The Allura Residences will feature the largest lobby Jumeirah Village Circle has ever seen, covering approximately 8,000 square meters. This lobby will also host a designated business center. Residents will have access to concierge services, booking the building's amenities such as a private cinema, clubs, restaurants, and even hotels throughout Dubai. Valet parking services will also be available, a first for a residential building, especially in the Jumeirah Village Circle, raising living standards in the area.

Tariq also noted, "We completed a previous project that was extremely successful, selling out in just four months. We will continue to launch new projects, and Allura Residences is unique. It consists of a ground floor, five parking levels, and 29 floors with a private business center. Additional amenities include two swimming pools, and every two- and three-bedroom apartment is located in a corner with a private pool. These are highly unique features compared to previous Jumeirah Village Circle projects. We offer our clients the option to purchase fully furnished apartments as well. A sample apartment is available at our sales center to provide a complete customer experience."

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