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Mon, Dec 16, 2024 | Jumada al-Aakhirah 15, 1446 | DXB
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Nitin Bhatnagar's Ellington Properties signs Dh340 million deal with Abdul Razeq Abdul Ahad for new residential project in Dubai Hills Estate
Pictured (L-R): Ahid Shaikh Mohammed – chairman, Deja Vu Real Estate Brokerage,Abdul Razeq Abdul Ahad, president and CEO, Asem Holdings LTD and Nitin Bhatnagar, co-founder and president, Ellington Properties.
Ellington Properties, Dubai’s leading and award-winning design-led boutique developer co-founded by Nitin Bhatnagar, has signed an agreement with entrepreneur Abdul Razeq Abdul Ahad, through Deja Vu Real Estate, one of the leading real estate brokerages, to develop a new residential project in Dubai Hills Estate.
Valued at Dh 340 million, the project will feature one, two- and three-bedroom apartments in a central location within the established Dubai Hills Estate neighbourhood. The 12-floor residential project in addition to the ground and parking levels will have a limited collection of only 150 elegantly designed apartments with exceptional design aesthetics. The design and master planning for the new residential project will commence shortly.
A veteran entrepreneur with business interests in diverse sectors globally, Abdul Razeq Abdul Ahad, president and CEO, Asem Holdings LTD, said: “This is my second agreement with Ellington Properties to develop residential projects in Dubai following the recommendation of Deja Vu Real Estate. The decision was taken after careful market study of the location and inspired by the superior build quality the firm delivers across all its projects. Dubai’s property sector is one of the most robust globally and there is significant potential for growth, especially in areas such as Dubai Hills Estate with high rental yields and return on investment.”
Bhatnagar added: “Leading investors and property management and advisory firms such as Deja Vu Real Estate realise the value we bring to the industry through our projects. We are committed to creating vibrant communities that promote the wellness of our residents and bring long-term value to their property investments. Dubai Hills Estate has an inspiring location with large green parks, play areas, a new mall, and close proximity to world-class educational institutions and hospitals. Through our strategic partnership with Abdul Razeq Abdul Ahad, we aim to create another stand-out residential project that will appeal to discerning investors.”
One of the most sought-after residential destinations in the city, Dubai Hills Estate is now a thriving neighbourhood that can be easily accessed from all major highways such as Sheikh Zayed Road, Al Khail Road, and Mohammed bin Zayed Road. With an 18-hole championship golf course at the heart of the community, the 2,700-acre Dubai Hills Estate has over 1.45 million square metres of parks and open spaces, 54 kilometre of bicycle trails, a central Dubai Hills Park, and the upcoming Dubai Hills Mall as central attractions.
Ellington Properties has a varied portfolio of award-winning projects including Belgravia and Belgravia II, Belgravia Square, Belgravia Heights I, Eaton Place, and Somerset Mews, all located in JVC; DT1 in Downtown Dubai as well as Wilton Terraces I and II, Wilton Park Residences.
Deja Vu Real Estate is one of the region’s leading real estate companies offering comprehensive and professional property services to corporations, investors, and individuals across the globe. Known for its superior service, Deja Vu Real Estate is affiliated with some of the largest real estate entities in Dubai and abroad.
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