Lootah Real Estate adds to its International City portfolio
Leasing portfolio bolstered by 100 new residential units in Dubai’s residential community
Lootah Real Estate Development has managed to complete and handover 100 new residential units in International City Phase 3.
The real-estate developer held a ribbon cutting ceremony at Lootah Residence II to formally commemorate the new residential building.
The event was attend by Lootah Real Estate Development’s top management officials, the architects and consultants behind this project, in addition to various stakeholders.
Lootah Residence II was acquired by the developer in 2017 in line with its strategic objectives of expanding the company’s growing leasing residential portfolio.
Lootah Real-Estate Development completed the remaining 40% of construction work on the seven sotrey residential building including the enhancement of its façade and other facilities before handing it over for leasing as scheduled.
The residential property features 100 apartments comprising 38 studios, 48 one-bedroom apartments and 14 two-bedroom apartments, in addition to a gymnasium and covered parking spaces.
Speaking on the occasion, Saleh Abdullah Lootah, executive director of Lootah Real Estate Development, said: “We are pleased to announce the timely completion of the project. We take pride in honouring our promises and completing our projects on time, which reflects our culture of excellence and an unswerving commitment to provide the very highest standards of living”.