Dubai Investments, a developer of logistics and industrial parks, has started construction on a Dh300 million residential tower in Jumeirah Village Circle. This is happening at the same time that the developer is working on two other projects: an industrial park in Angola and a Dh1 billion resort project in Ras Al Khaimah.
The Violet Tower JVC project will have 27 stories and a ground floor plus four parking levels. Due to a foundation of completed projects and residents (both end-user and tenant), JVC has become one of the most sought-after off-plan launch destinations in Dubai in recent times.
The Violet Tower project is scheduled to begin in the second quarter of this year and take a full year to finish.
“In response to the escalating demand for upscale residential developments within JVC, Dubai Investments recognizes the growing desire for owned properties that capture both lavishness and practicality,” said Obaid Mohammed Al Salami, General Manager at Dubai Investments Real Estate Company (DIR). “Violet Tower is our response to this demand.”
