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Vantage Properties-Vittoria Group Costruzioni officials sign the MoU

Vantage joins Italian group Vittoria to develop $100m projects in JVC

DUBAI, 28 days ago

UAE-headquartered real estate developer Vantage Properties has signed a co-development memorandum of understanding with Italian developer Vittoria Group Costruzioni, for $100 million flagship projects in Dubai’s Jumeirah Village Circle (JVC).

Livel Residenza and Aptos Residenza will feature two 20-storey buildings comprising 260 high-quality, eco-friendly and luxurious apartments.

As part of the agreement, Vantage Properties and Vittoria Group Costruzioni will develop buildings –including a ground floor, four podium floors, and 15 residential floors – across a total built-up area of approximately 400,000 square feet.

The projects are located within 250 metres from the Hessa Street entrance to JVC – the best performing off-plan community in Dubai. These projects will have a mix of luxurious residences, from studio apartments to three-bedroom plus maid room apartments.

All one-bedroom plus study apartments will have two full bathrooms, making them ideal even if homeowners are hosting guests, in addition to fully fitted kitchens, extra storage, and laundry rooms in every apartment, while all two-bedroom and three-bedroom apartment options come with an additional maid’s room.

Guided by the philosophy of “Live Well”, both flagship projects, Livel Residenza and Aptos Residenza, are being designed and constructed with the mission of elevating living experiences and promoting wellness.

As such, each home is approximately 20% more spacious than the average off-plan apartment sizes in JVC.

The Livel Residenza residential building will also include a variety of amenities such as padel tennis, co-working spaces and podcast studios; indoor and outdoor gyms; steam and sauna rooms; yoga rooms; a dedicated kids’ aqua zone, as well as a separate BBQ area and adult pool; a paw park for pets; an Italian garden and a coffee shop; as well as EV stations to charge electric vehicles.

Kabir Joshi, Founder and CEO of Vantage Capital and Vantage Properties, said: “We have always been committed to uncompromising quality and unparalleled luxury, catering to the growing mid-market segment. Given this commitment, it was natural for us to partner with the esteemed Italian developer Vittoria Group Costruzioni, who have a 30-year proven legacy and resonate with our values.”

“It’s also great to see Dubai's buoyant property market attracting top European developers. Vittoria Group Costruzioni has already successfully developed more than 78 luxurious real estate projects in Italy in the residential sector, in addition to design and construction services related to sports centres, restaurants, and shopping centres, industrial activities, and zoning plans in leading Italian cities.”

Giuseppe Gandolfi, the Chairman of Vittoria Group Costruzioni and Milan-based Gandolfi e Mura Architetti Associati, who are also partnering on the interior design of the Livel Residenza and Aptos Residenza projects, said: “Vittoria Group Costruzioni is thrilled to partner with Vantage Properties as they share our values, commitment to quality, and are driven by a long-term vision.”

“We are excited to extend our Italian legacy in the UAE with Vantage Properties. We are as passionate as Vantage Properties for our flagship projects – Livel Residenza and Aptos Residenza,” Gandolfi added.

As a unique offering, homeowners and investors looking to buy an apartment will be offered pre-approval even in the off-plan stage of construction.

This is another highlight of the project following Vantage Properties’ first-of-its-kind partnership with UAE-based mortgage broker Huspy for home financing, which permits buyers to get 50 percent pre-approval at the time of booking the unit. Once the pre-approval is received, Vantage Properties betters the payment plan from 60/40 to 50/50, making it considerably easier to own a home.

From a construction perspective, the design of the Livel Residenza project has been finalised and more than 15% of construction works – including piling, shoring, and enabling works – have been completed. Dubai-based ArchCorp is the lead consultant on the project.

Livel Residenza is scheduled to be completed in the second quarter of 2026. – TradeArabia News Service




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