UAE-headquartered developer Seven Tides has broken ground on SE7EN City JLT, its first mixed-used development in Jumeirah Lake Towers (JLT), in Dubai.
The project, valued at over AED1 billion ($272 million) and due for completion during 2021, completely sold out phase one in less than a week following its launch in May, selling 661 apartments, valued at AED301 million.
Sales now total over 800 units, the company said in a statement.
“To sell out phase one of our project in less than one week is remarkable, particularly given the tough trading conditions many developers are facing,” said Abdulla Bin Sulayem, CEO, Seven Tides.
Spread across 3.5 million square feet and situated within Cluster Z in DMCC, the development is made up of 2,744 units – with its residential element consisting of 2,617 studio, one, two and three-bedroom apartments as well as a limited number of duplex apartments, plus 78 hotel rooms.
The tower also features a gym, health club, infinity pool, children’s pool, a roof garden, cafes, other dining options, a large retail offering featuring 48 shops.
Studio apartments start from AED354,000.
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