Vantage Properties has signed a co-development memorandum of understanding with Italian developer Vittoria Group Costruzioni for its $100 million flagship projects, LIVEL RESIDENZA & APTOS RESIDENZA, located in Dubai’s Jumeirah Village Circle (JVC).
This deal aims to ensure high-quality, eco-friendly, elegant & luxurious construction and design of 260 luxury apartments within its LIVEL RESIDENZA & APTOS RESIDENZA.
As part of the agreement, Vantage Properties and Vittoria Group Costruzioni will develop two 20-storey buildings – including a ground floor, four podium floors, and 15 residential floors – across a total built-up area of approximately 400,000 square feet.
The projects are located within 250 meters from the Hessa Street entrance to JVC. JVC is the best-performing off-plan community in Dubai. These projects will have a mix of luxurious residences, from studio apartments to three-bedroom plus maid-room apartments.
All one-bedroom plus study apartments will have two full bathrooms, making them ideal even if homeowners are hosting guests, in addition to fully fitted kitchens, extra storage, and laundry rooms in every apartment, while all two-bedroom and three-bedroom apartment options come with an additional maid’s room.
Further, both flagship projects, LIVEL RESIDENZA & APTOS RESIDENZA, are being designed and constructed with the mission of elevating living experiences and promoting wellness. As such, each home is approximately 20 percent more spacious than the average off-plan apartment size in JVC.
Kabir Joshi, the Founder and CEO of Vantage Capital and Vantage Properties, said that, “We have always been committed to uncompromising quality and unparalleled luxury, catering to the growing mid-market segment. Given this commitment, it was natural for us to partner with the esteemed Italian developer Vittoria Group Costruzioni, who has a 30-year proven legacy and resonates with our values.”
“It’s also great to see Dubai’s buoyant property market attracting top European developers. Vittoria Group Costruzioni has already successfully developed more than 78 luxurious real estate projects in Italy in the residential sector, in addition to design and construction services related to sports centers, restaurants, shopping centers, industrial activities, and zoning plans in leading Italian cities. We are proud to bring such Italian standards and quality to the UAE,” Joshi added.
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