Lootah Real Estate Development has broken ground on The Waves, a new building at Shamal neighborhood in Al Barsha South.
The company has successfully handed over phases 1 and 2 of Shamal projects and is developing AED 550mn ($150mn) worth of residential villas and apartments, studios and duplex apartments in the area.
Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, said: We are delighted to announce The Waves, which is a testament of investor trust on Lootah Real Estate Development. All this have been made possible due to our committed team and inspiration we always receive from our stakeholders.
Following the successful handover of both phase-1 and phases-2 of Shamal projects, Lootah Real Estate Development immediately started plans to meet demands for new properties.