Tiger Properties, a leading real estate company in the United Arab Emirates, announced the launch of its first project in 2024, Red Square, in Jumeirah Triangle Village in Dubai. The residential project has an investment cost of AED 300 million and consists of a 34-story tower with 836 residential units.
The project features a variety of recreational facilities, including a swimming pool, jogging track, basketball court, gym, children’s play area, and barbecue area. The residential units in the project vary in size and type, including studios, one-bedroom apartments, and two-bedroom apartments. Prices start at AED 495,000 and are available to all nationalities. The project also offers a flexible payment plan over 5 years.
In a press statement, Tiger Properties CEO Engineer Amer Waleed Al-Zubai said, “At the beginning of 2024, Tiger Properties is launching its first new project, Red Square, in Dubai to meet the demand of investors and end-users, especially in light of the strong demand for buying and owning real estate in the country.”
He added, “Red Square is characterized by its unique location, diverse amenities, competitive prices, and flexible payment methods, which will help attract more investors and interested parties and meet the continuous demand for the quality properties that we strive to launch.”
Al-Zubai continued, “It is expected that construction work on Red Square will take 3 years, with the delivery of residential units to buyers and investors scheduled for December 2026.”
He expressed his expectation that the real estate sector will continue to grow in 2024 at the same pace as it did last year, which saw strong demand for buying and owning real estate from investors and end-users due to their confidence in the strength and resilience of the real estate sector.
Al-Zubai noted that Tiger Properties is committed to launching quality and distinctive projects that are in line with the capabilities of a large segment of users, families, and individuals. These projects offer distinctive units, high-quality finishes, and a variety of amenities that suit all family members, in addition to a strategic location near important and vibrant landmarks in Dubai.
He added, “Tiger Properties is committed to meeting the growing demand and working to meet it in light of the confidence of our customers in our projects, the confidence of Tiger Properties in the strength and resilience of the real estate market in Dubai and the country, and the continuous demand for real estate in the quality and distinctive projects that the company launches. We have successfully sold residential units in our various projects in record time thanks to the strong demand for them.”
