Empire Developments is in the final phase of handing over its first residential project, Empire Residence, located in Jumeirah Village Circle
Dubai-based EssKay Holdings and Peace Home Real Estate business conglomerates have jointly ventured into UAE’s real estate market and are set to launch Empire Developments, the real estate development company. Empire Developments aims to position itself as a ready-to-move-in and affordable residential developer in wake of rising interest.
Empire Developments is currently in the final phase of handing over its first residential project, Empire Residence, which is located in Jumeirah Village Circle (JVC). Project details and sales performance of the inaugural project will be released at the official launch of Empire Developments.
Kamran Ghani, CEO, Empire Developments said, “Empire Developments combines residential and hospitality experience with construction and property brokerage background to offer quality property assets and competitive returns, translating them into affordable luxury. Launching our first project reflects our commitment to investors and end-users, demonstrating our long-term presence.”
“The property market in Dubai is currently at its peak, but the rising interest rates are becoming a challenge for developers and end-users. We believe it is the right for our properties to expand and consolidate our property portfolio. Our first project, Empire Residence, sold out within days of its launch last year is a reflection of how our assets are seen by investors. All based on our professional approach and our commitment,” concluded Ghani.
Empire Developments aims to build mid-luxury yet affordable projects starting from Dubai. The project meets the international standards of design, build, and lifestyle. “Empire Developments shall aim to focus on the affordable housing sector to cater to the expanding mid-income and salaried expatriate population in Dubai, facilitating their transition from renting to owning their own homes,” revealed Ahsan Rasheed, CEO, Peace Home Real Estate Group.
