Condor unveils 213-unit luxury residential project in JVT
DUBAI, July 23, 2024
The Condor Developers, a leading Dubai luxury property provider, has announced the launch of its fourth residential project - Condor Sonate Residences - in Jumeirah Village Triangle (JVT) as part of a portfolio expansion strategy aimed at boosting the group’s realty investment value to over AED2.5 billion by 2027.
Spread over a 396,764 sq ft area, Condor Sonate Residences will add 213 premium apartments comprising studios, one-, two- and three-bedroom units to Dubai’s prime residential real estate inventory.
A homegrown luxury real estate brand, The Condor Developers said following this launch, it is now gearing up for three more projects which will be unveiled by the year-end. These projects will come up in prime residential districts, including the Dubai Island, Al Majan and Dubai Sports City.
Condor Sonate Residences will offer 48 studios with an average area of 480 sq ft, 134 one-beds with an average area of 866 sq ft, 28 two-beds with an average area of 1,333 sq ft and 3 three-beds with an average area of 2,040 sq ft.
The prices of these units start from AED721,000 onwards, stated the developer.
Speaking at the launch, Chairman and CEO Vidhyadharan Sivaprasad said: "Condor Sonate Residences comes with first-of its-kind wellness amenities and is created as a development where luxury meets serenity in the much sought-after JVT community."
"Investing in JVT offers a guaranteed higher RoI with home values projected to rise on the back of an influx of overseas investors and major developments in the pipeline, including the upcoming metro station by 2030," he stated.
JVT, he noted, already enjoys a reputation as a value-for-money investment destination in Dubai’s residential and commercial realty space thanks to its central location, excellent connectivity to all key nodes of Dubai, superb infrastructure and community amenities.
Sivaprasad pointed out that the launch of Sonate Residences comes as Condor’s two residential projects in Jumeirah Village Circle (JVC) – Condor Castle and Condor Concept 7 - continue to receive overwhelming response from investors.
Condor’s showpiece project in Dubai Marina -- Condor Marina Star - is almost sold-out, he stated.
Condor Sonate Residences will have 31 floors, excluding five podiums and a roof. There will also be more than 3,220 sq. ft of retail area as well as a leisure and recreation area of 18,500 square feet featuring open cabanas, sun loungers and green jogging pathways.
"For homebuyers and investors, Condor Developer’s has been offering an affordable but luxury asset class across residential and commercial properties, ensuring superior RoI and valuations in Dubai’s buoyant property market, and as a celebration of the ground breaking we are offering 4 % DLD waiver on all units," explained Sivaprasad.
According to him, Condor Sonate Residences’ leisure and recreation facilities will feature rest areas, infinity pool, outdoor cinema, separate sauna and steam rooms for men and women, a wellness sanctuary, a landscaped rooftop, fitness studio and a padel tennis court. Kids could enjoy a play area, splash pool and mushroom shower.
"Condor Sonate Residences will further enhance the JVT community’s appeal to “global and regional investors thronging to Dubai, allured by its vibrant charm, super infrastructure and thriving investment ecosystem and growth prospects," he added.-TradeArabia News Service
