Talking to Khaleej Times and Zawya, Mr Ubaid Ur Rehman Shaikh, Chairman USquare Luxe Properties, said:
“This is our first joint venture project that was liaised by Coldwell Banker and it has been a delightful experience. Also, a positive outlook on the luxury real estate sector is encouraging. Our collaborative efforts have developed a holistic perspective for the project prioritising convenience, privacy, security, sustainability, and smart technology; as few of the non-negotiables for our high-end apartments.”
The two developers, Grovy Real Estate and U Square Luxe Properties signed an agreement to the joint venture through Dharamvir Singh Chauhan, who heads the Commercial department of Coldwell Banker. Co-founded by Abhishek Jalan, Grovy Real Estate is Dubai’s leading boutique developer; and U Square Luxe Properties, founded by entrepreneurs Muhammad Umeed and Ubaid Ur Rehman Shaikh, is known for high-end luxury villa development.
Positioned as an upgraded version of the iconic Palm Jumeirah, the project, valued at AED 175 million, will be developed at the much-anticipated Golf Community in the Dubai Islands.
The project will house well-proportioned apartments for families, encompassing more than 30 amenities including an infinity pool, Jacuzzi, and theatre to heighten the lifestyle quotient. Responding to the rising demand for sustainable and energy-efficient homes, the project will be equipped with an advanced waste control system and, the residences will be designed to minimise heat and maintain a cool environment indoors.
The joint venture plans to remain steadfast on its vision to develop a premium residential space characterised by infrastructure of exceptional quality, exclusivity, and world-class amenities. The project will attract buyers across consumer segments like those investing in second homes, for rental income and quick buy and sell to optimise profits.