The residential project is being developed at an investment of $35.3mn
Luxury residential developer Iman Developers has launched its latest project – Oxford 212 – in Jumeirah Village Circle (JVC) in Dubai. The developer said the project will feature 107 studios, 85 one-bedroom, and 20-two-bedroom units.
It is being set up at an investment of US $35.3mn and is the fifth residential development for Iman Developers, which has four completed projects in its portfolio, and another three at various development stages, said a statement.
Once complete, Oxford 212 will facilitate community living, with key amenities such as a fully equipped gym, a swimming pool, and a rooftop outdoor cinema. In addition, the development will come with a children’s play area, and a barbecue area.
In early November 2022, Ellington Properties said it began handovers of its Harrington House residential project and, later in the month, Binghatti and Jacob & Co announced an ultra-luxury focused residential tower in Dubai.
“It will set a benchmark in modern family living space. The project is luxury redefined offering premium living, adding value to the residential realty inventory of Dubai, which currently is passing through a huge demand-supply gap,” said Ismail Marfani, Director, Iman Developers.
The Oxford 212 development will offer apartments ranging from 390sqft to 1,800sqft, it added.
“The project’s focus is on providing a smart lifestyle to residents complete with a climate-controlled swimming pool, Rooftop BarBQ and kids play area, and intuitive everyday home automation,” remarked Marfani.
Later in November 2022, ValuStrat said that Dubai apartment values were starting to stabilise.
The project is being developed with a focus on sustainability and, as part of it, the development has intuitive smart lighting for energy saving and eco-cooling systems, he stated.
“For the past several years, we have seen an accelerating opportunity in convenience real estate, especially after the pandemic hit the world. The property buyer of today’s time is aware and well informed and look beyond just the property,” he concluded.