Seven City JLT to open in 2023

Seven Tides has appointed UAE-based Airolink as the main building contractor, to complete the construction of its Seven City JLT development in Jumeirah Lake Towers, in Dubai. The project is valued at over AED 1 billion and due for completion in Q2 2023, Seven City JLT with a total built up area of up to 3.5 million square feet and situated within Cluster Z in DMCC, opposite the Montgomery and Emirates’ golf courses and the Emirates Hills community.

Commenting on the appointment, Abdulla Bin Sulayem, CEO, Seven Tides said, “Airolink is well established, has a solid reputation along with a wealth of experience across numerous sectors, which is ideal for this development. Work is well underway on site and we are already working with Airolink at our Seven Palm development on Palm Jumeirah, so this should be a smooth transition.”

“We are offering excellent value at a competitive price point. In addition, we offer a very attractive easy payment option consisting of a 5% deposit, followed by payments equal to 6% of the cost price to be paid every subsequent quarter. We estimate that studios should yield 12% per annum,” said Bin Sulayem.

Bin Sulayem added, “Seven City JLT is designed to provide everything a resident might possibly want, with various retail options, entertainment, food and beverage outlets, gym and a health club. However, when residents do venture outside, they’ll still be able to enjoy the urban vibe, with the excitement and fast-paced, hustle and bustle of city life, right on their doorstep.”