Daily Newsletter

04 September 2023

Daily Newsletter

04 September 2023

Acube breaks ground on its first residential tower in Dubai

It will consist of 113 furnished one, two, and three-bedroom floorplans, along with other retail areas.

September 01 2023

UAE-based Acube Real Estate Development has broken ground on its first new luxury residential development, Adhara Star, in Arjan, Dubai.

The project represents the company’s entry into the Dubai market, where it plans to many residential developments in the coming three years, reported Gulf News.

This 17-storey residential building will feature 113 furnished one-bedroom, two-bedroom, and three-bedroom floorplans, along with other retail areas.

Adhara Star is slated to be completed in the first quarter of 2025.

With the announcement, Acube is moving forward with its plans to build and market around one million square feet of residential developments in Dubai by 2025.

Adhara Star will have high-quality materials and fittings such as Bosch white goods, Roca sanitary ware for the bathrooms and porcelain and ceramic tiling.

Other amenities will include pools, a Japanese garden, a basketball court, a yoga room, a running track, indoor and outdoor gyms, a steam room, a sauna, a BBQ area, a kids’ play area, a jacuzzi, and a paddle tennis court.

Acube Real Estate Development chairman and managing director Ramjee Iyer was quoted by the publication as saying: “Our mission is to create exceptional living spaces that transcend the ordinary, enrich lives and reshape the concept of modern living, infused with innovation and guided by sustainable practices; we are dedicated to crafting developments that mirror our unwavering commitment to excellence and integrity.”

Investment in the infrastructure and energy & utilities sectors remains a major driver of overall construction growth

Infrastructure and Energy & Utilities sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.

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