Gemini Property Developers makes rapid progress on maiden project worth Dh300 million
Gemini Property Developers, a boutique real estate developer, has completed 24 per cent construction of Dh 300 million Gemini Splendor – the company’s first luxury residential project at Sobha Hartland.
Gemini Property Developers has appointed Al Jihan Gulf Horizon Contracting LLC to build Gemini Splendor.
The construction of the Gemini Splendor, luxury residential project marks Gemini Group’s foray in to the region’s real estate market. The high-end project is scheduled for completion in the first quarter of 2018.
The G+8-storey residential building is being built at Sobha Hartland within the Mohammed Bin Rashid City, Dubai. The project with a built-up area of over 320,000 square feet will include 134 residential units comprising spacious one, two and three-bedroom apartments, penthouses and townhouses equipped with state-of-the-art amenities. Apartment units range from 780 square feet to 3,400 square feet. The community will also have comprehensive retail, shopping and entertainment facilities, along with much needed green spaces. The high-end project is scheduled for completion in the first quarter of 2018.
“As a new developer, we are determined in our vision and commitment – to deliver on time, within the budget and most importantly, with the best quality,” says Sudhakar R. Rao, Managing Director of Gemini Property Developers. “The best hall mark feature of our project is the smart home system supplied by reputed USA based brand “Lutron”.
The project is located at the center of Sobha Hartland – a new mixed-use development located between Al Khail Road and Meydan – and is close to the downtown of the future – the massive mixed-use project that has become a major destination. The project will border Meydan One on one side, MBR city – District One on the other and Meydan Grandstand at the backdrop.
“As the surrounding developments take shape, Sobha Hartland will become the most sought after destination for people to live due to its strategic location with strong road and rail connectivity embedded with great lifestyle, self-contained community, leisure and entertainment. It is already surrounded by two highways while two new rail networks are expected to pass by the development,” Sudhakar R. Rao says. “As more and more people begin to settle down, value will appreciate manifold. In addition to the location, our projects will create a new benchmark for quality and amenities. It will create a new signature of quality in real estate development.”
Gemini Splendor is conceptualised by renowned consultants, Aedas which is one of the five largest international architectural firms, while detailed designs were carried out by Dubai Consultants. The project, once completed, will offer excellent views of the Dubai skyline via two Expressways as well as nearby Ras Al Khor bird sanctuary.
The project is self-financed by the group as well as funded by banks and the construction of the project is not linked to off-plan sale of the units.
Enabling works were earlier carried out by National Piling, before the main contractor, Al Jihan Gulf Horizon Contracting LLC came on board as the main contractor in August 2016. The company has already registered itself as a developer as well as the project with the Real Estate Regulatory Authority (RERA) and has opened Escrow account as per the Trust Account Law.
Synonymous with trust and credibility, Gemini Property Developers is building on the strong legacy by set by Gemini Group that has around 30 years of successful business operations in various fields, including Testing, Inspection and Certification (TIC) services, trading and allied fields for the energy sector. Founded in 1986 by Sudhakar Rao, the group has an established presence in India and Middle East.
Sailesh Jatania, Gemini’s Chief Executive Officer, said the project is being constructed at a time when Dubai’s real estate market is witnessing signs of upturn. “We are developing our first project at a time when new investment is pushing sales in Dubai’s property market so much so that it has witnessed Dh12 billion worth of transactions in the first two weeks – or the first ten working days of 2017.
“This causes for optimism as we also have seen a renewed interest among buyers as we construct Gemini Splendor.”
Dubai’s Roads and Transport Authority (RTA) has already planned a new purple metro line running under the ground at Hartland. But another rail line has been planned to run near the project. Sobha Hartland is the only luxury community development located on the Dubai Water Canal.
About Gemini Property Developers:
Gemini Property Developers is the real estate division of Gemini Energy Group, one of the well-known business groups in the Middle East and India. Gemini Group has around 30 years of successful business experience in various fields, including oil and gas, Testing and Inspection services, Trading and allied fields.
Founded in 1986 by Sudhakar R. Rao, the group was originally started as Sievert Group, specializing in technical Testing and Inspection before recently divesting that business to a French multinational giant. Gemini group has plans to develop state-of-the-art yet affordable luxury properties across the region, adhering to highest standards of quality in design, technology and materials. It strives to build a reputation based on quality, efficiency, meticulous planning, top quality amenities, practical designs, timely completion and hand-over of projects.