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Victory Heights sees full delivery of phase one by year-end

DUBAI — Developers of Dubai’s Victory Heights are forecasting that all 794 phase one villas in the luxury residential golfing development will be fully complete and delivered to owners by the end of 2010.

In the first six months of the year the community has reached a number of key milestones, with more than 70 percent of the sold villas handed over to home owners and many more of the high-end properties completed and awaiting final sign-off for delivery. Three of the seven villages that make up the golfing community have been fully handed over.

“Construction and delivery of Victory Heights’ luxury villas has moved apace during the first half of the year, despite the downturn in Dubai’s real estate industry experienced last year. We have been able to meet some important milestones,” said Yasser Abulrahman Al Raee, General Manager, Victory Heights, which is a AED2.5bn joint venture between the Bahrian Investment Bank Arcapita and Dubai Sports City

“Thanks to the hard work of all those involved in the project we are predicting that phase one of the development will be fully complete and handed over to homeowners by the end of the year,” he added.

More than 400 families have already moved into homes giving a community feel to the development, which surrounds the greens and lakes of the award winning The Els Club golf course.

Building work has also recently commenced on the project’s first community centre which will offer residents a wide range of recreational facilities, including swimming pools, children’s play areas, basketball courts and BBQ areas.

“We are proud of this unique project and pledge to continue to deliver high quality homes, beautifully landscaped green spaces and top of the range community facilities for all our residents to enjoy,” concluded Al Raee.

business@khaleejtimes.com