Tiger Properties, a leading real estate company in the United Arab Emirates, has announced the launch of the "Lilium Tower" real estate project with a total investment of AED 250 million. The new project is located in Jumeirah Triangle Village in the Emirate of Dubai.
The project comprises a 28-story building with 263 residential units and a range of premium amenities for residents, including a swimming pool, children's play area, GYM, and a walking and running track.
The project offers a variety of unit types, including studios, 1-bedroom apartments, and 2-bedroom apartments, with varying sizes. Prices for purchasing and owning residential units start at AED 560,000, with a five-year flexible payment plan.
Engineer Amer Waleed, the CEO of Tiger Properties, stated in a press release, "Tiger Properties continues to launch high-quality real estate projects to meet the continuous demand from investors and end-users. Our success in launching and selling several projects in the past while adhering to the specified delivery schedules is the strongest testament to our commitment."
Eng Waleed added, "We are pleased to launch the new 'Lilium' project in Jumeirah Village Triangle, which stands out for its diverse residential units and numerous facilities that cater to residents. We offer competitive prices for residential units with flexible payment options, aiming to meet the growing demand for real estate in the Emirate of Dubai. We anticipate attracting a large number of investors and prospective buyers."
He continued, "Construction on the 'Lilium' project is expected to commence in 2023, with completion and unit handover scheduled for December 2025. Tiger Properties' dedication to delivering high-quality finishes and adhering to specified timelines has boosted investor and buyer confidence in the projects we launch, resulting in quick sales."
Eng Waleed mentioned that Dubai's real estate sector has experienced rapid growth in terms of the number of projects being launched and the volume of property transactions, making Dubai a preferred regional and global real estate investment destination and a sought-after location for those seeking luxury, quality living, and residence.
Engineer Waleed also expressed Tiger Properties' pride in introducing more projects in Dubai and the United Arab Emirates, which have gained a global reputation in the real estate sector, and he highlighted the ongoing growth in economic and investment activities.