Condor Real Estate Development Company has launched its fourth residential project, “Sonat Residences” in Jumeirah Village Triangle, as part of its portfolio expansion strategy, which aims to enhance the value of its real estate investments in the coming years, with a value exceeding 2.5 billion dirhams.
The project, which spans an area of approximately 396,000 square feet, adds 213 luxury apartments comprising studios, one-, two- and three-bedroom apartments to Dubai’s luxury residential real estate stock.
The developer said the latest residential landmark, along with other upcoming projects that will be unveiled before the end of this year, will help position it as a preferred choice for high-value investors looking for luxury homes. The upcoming projects are located in the most sought-after residential areas in Dubai.
For owners and investors, Condor “properties have always been a highly valued asset class across residential and commercial properties, ensuring excellent ROI and high valuations in Dubai’s thriving real estate market,” said Vidhyadharan Sivaprasad, Chairman and CEO of the company.