Seven Tides has appointed UAE-based Airolink as the main building contractor on its $272 million Seven City JLT development within Jumeirah Lake Towers, Dubai.
Seven City JLT is scheduled to complete in Q2 2023 and will comprise a total built up area of up to 325,160sqm.
Situated within Cluster Z in DMCC, opposite the Montgomery and Emirates’ golf courses and the Emirates Hills community, the 2,744 unit mixed-development features a large retail offering with 49 retail units, covering 150,000 sqft over three floors, which will include a 3-screen cinema, hypermarket, as well as 2,617 car parking spaces, with an additional 312 spaces dedicated to retail customers.
Residential units include: 2,617 studio, one, two and three-bedroom apartments, plus 78 hotel rooms.
“Airolink is well established, has a solid reputation along with a wealth of experience across numerous sectors, which is ideal for this development,” said Abdulla Bin Sulayem, CEO, Seven Tides. “Work is well underway on site and we are already working with Airolink at our Seven Palm development on Palm Jumeirah, so this should be a smooth transition.”
The design of the tower-style building is centred on a common podium which, according to Seven Tides, “plays host to promenade restaurants overlooking a lake. The tower also features a fully equipped gym, health club, infinity pool, children’s pool, 12 Sky Gardens, cafes, plus other dining options.”
“We are offering excellent value at a competitive price point. In addition, we offer a very attractive easy payment option consisting of a 5% deposit, followed by payments equal to 6% of the cost price to be paid every subsequent quarter. We estimate that studios should yield 12% per annum,” added Bin Sulayem.
“Seven City JLT is designed to provide everything a resident might possibly want, with various retail options, entertainment, food and beverage outlets, gym and a health club. However, when residents do venture outside, they’ll still be able to enjoy the urban vibe, with the excitement and fast-paced, hustle and bustle of city life, right on their doorstep.”
