Al Fara'a hands over project ahead of deadline.

Byline: Dubai

Al Fara'a Properties, a member of the Al Fara'a Construction, Property and Industrial Group, has handed over units within its Dh225 million inaugural residential development - 'Le Grand Chateau' (LGC), ahead of its 2010 deadline.

The first batch of tenants are now moving into the high profile development, which is the first project to be completed in Jumeirah Village.

LGC had bagged the 'Best Development' award at the CNBC Arabian Property Awards 2008.

Ideally located at the heart of Jumeirah Village, 'Le Grand Chateau' draws inspiration from the architecture of the 16th century Chateaux of the Loire Valley in France. The development comprises 15 luxurious four-bedroom G+2 townhouses and a residential block with a combined total of 185 apartments.

'We are thrilled to be the first developer to deliver a project in Jumeirah Village, ahead of our 2010 scheduled completion date," said Dr JR Gangaramani, president and executive chairman, Al Fara'a Construction, Property and Industrial Group.

Al Fara'a Group had provided LGC investors access to flexible financing options for the project through Abu Dhabi Commercial Bank (ADCB). Furthermore, the group has also recently launched a facilities management division, which will help in optimising the costs of maintenance and ensuring the longevity of investments, whether it be through well maintained facilities or stretching the maintenance pool fund as far as possible.

As an additional value-add, the company has partnered with Al Huzaifa Furniture to bring occupants a range of dE[umlaut]cor ideas centered on classic Italian furniture in a contemporary modern setting. LGC tenants are also offered special rates on the leading furniture company's latest collection and its turnkey interior design services such as design consultancy, concept designing and custom interior solutions.

In addition to LGC, Al Fara'a has two other luxury residential projects within Jumeirah Village - the 'The Manhattan', and the 'Mulberry Mansions'.

Inspired by the urban residences of 1930's New York, 'The Manhattan' will offer 355 units, which comprise a selection of studio, one-, two-, and three-bedrooms apartments; while 'Mulberry Mansions' will provide 12 Victorian-styled two-storey townhouses, incorporating four bedrooms, a private two-car garage, a terrace, a balcony, maid's room with separate access, and a small private garden.- TradeArabia News Service

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