Al Waleed Real Estate, said the work at its residential projects in Jumeirah Village and Silicon Oasis in Dubai, UAE, was progressing well and would be completed during the fourth quarter of 2015.
 
Al Waleed Real Estate, the development arm of Al Waleed Investment Group, has an extensive portfolio of residential and commercial properties in prime locations throughout Dubai.

Located in Jumeirah Village, the Al Waleed Residence building comprises one- and two-bedroom units as well as duplex villas. The development contains numerous community facilities, including a swimming pool, state-of-the-art gym, green areas and car-parking spaces.

All the apartments at Al Waleed Residence building, located on a total land area of 25,634 sq ft, will soon be put up for sale. A final decision on the handover of the project will be taken in August.

Al Waleed Oasis, covering a 19,320-sq-ft area in DSO, is a seven-storey development comprising contemporary one-, two- and three-bedroom apartments and offers a total built-up area of 119,000 sq ft. Its amenities include a swimming pool and modern gym.

The project is on course for handover at the beginning of December this year.

"Al Waleed Real Estate is treading cautiously, taking into consideration the property industry's performance and the current status of Dubai's real estate market, which is characterised by fierce competition among developers," said a company spokesman.

"The company has succeeded in attracting a large segment of buyers and investors to its distinctive projects in strategic locations across Dubai," he added.-TradeArabia News Service