11.27 AM Thursday, 28 September 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:53 06:06 12:12 15:35 18:12 19:26
28 September 2023 $dmi_content.escapeHtml4($rs.get('weather.code.w${report.significantWeather.code}')) Max: 37 °

Victory Heights first phase nears completion

By Staff Writer

The first phase of construction at Victory Heights development has neared completion with the handover of 350 villas, said its developer yesterday. Two out of the seven villages that make up the project in Dubai Sports City have seen 100 per cent completion, said the statement. "Real estate projects in Dubai are moving ahead despite last year's economic downturn," it added.

In all, 305 villas have been completed in the two villages of 'Estella' and 'Carmen', which account for majority of the 350 villas already handed over to residents in the 961-unit Victory Heights development, a joint venture between Dubai Sports City and Bahrain-based Arcapita. "The completion of the villas in these two villages is an important milestone in the delivery of the entire Victory Heights project," said Yasser Abdulrahman Al Raee, General Manager at Victory Heights. The community centre will finish in the first part of 2010.

The first phase of construction has been carried out by Al Jaber Group and L&T Western as part of a Dh977 million contract that saw the first homes being handed over in early 2009.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.