Majid Al Futtaim’s Elan development begins construction phase following noteworthy buyer response
\The milestone follows the sale of 594 total units in phases one and two of Elan, representing a total sales value of AED 900 million.
- Move underscores Majid Al Futtaim’s enduring commitment to its customers’ investments.
- Elan will be an exclusive gated community within the wider Tilal Al Ghaf development in Dubai
Dubai, UAE, 13 July 2020: Majid Al Futtaim Communities has underlined the resilience of the UAE real estate market by holding a ground-breaking ceremony for their recently launched Elan neighbourhood at Tilal Al Ghaf on July 12. The move officially kicks off the construction phase of the development, moving the project one step closer to its planned delivery by December 2022. The milestone follows the sale of 594 total units in phases one and two of Elan, representing a total sales value of AED 900 million.
The ground-breaking ceremony demonstrates Majid Al Futtaim’s unwavering commitment to its customers’ investments, the resilience of Dubai’s real estate market, and a period of heightened stability marked by growing confidence among property buyers.
Comprising a mix of premium three- and four-bedroom properties, Elan is an exclusive gated community within Majid Al Futtaim’s flagship Tilal Al Ghaf development. While setting a new benchmark in the townhouse segment in Dubai, Elan properties were offered at attractive price points and with a competitive payment plan. True to the developer’s vision to make every day at Tilal Al Ghaf feel like a weekend, the neighbourhood’s compelling amenities include a recreational lagoon, outdoor cinema, three community centres, a fitness centre, and BBQ stations. Its architecture and construction draw from Majid Al Futtaim’s unique philosophy of placemaking, creating a truly unique residential option that sets an exceptionally high benchmark in the UAE property market.
Hawazen Esber at Majid Al Futtaim — Chief Executive Officer, Communities, said: “Investors have certainly been inspired by our vision for Tilal Al Ghaf, which has translated into an outstanding sell-out of phase one and two of Elan’s neighbourhood. We greatly appreciate our customers’ commitment to this project and will continue working closely with them as we confidently move closer toward delivering the community we’ve promised. The imminent construction of Elan is an important step toward creating a unique lifestyle destination that redefines residential living in Dubai.”
He added, “Tilal Al Ghaf has been shaped to create an unparalleled sense of belonging in Dubai and curate a thriving community with everything a family could need. This contribution to healthy and happy living is now more important than ever, and we’re thrilled to bring it to families in the emirate. As we progress through the construction phase, we reiterate our commitment to exceeding our customers’ expectations by creating a lifestyle destination and an aspirational community that will come alive, driven by signature experiences.”
The centrepiece of the community is the recreational lagoon, fringed by white sandy beaches that accommodate a variety of water sports. Further positioning Elan as one of the most desirable communities on the market is an abundance of wellness facilities, including a tennis court, basketball court, cycling and jogging tracks, swimming pool, and an indoor gym. A 24/7 grocery store also elevates the convenience for residents. Additionally, reflecting the wider community name and honouring local UAE heritage, 1,200 indigenous Ghaf trees have been planted so far to create tranquil trails within the highly walkable community.
Tilal Al Ghaf’s convenient central location has been a major draw for buyers so far, being at the junction of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street in Dubai. The development also neighbours the premium golf communities of Victory Heights and Jumeirah Golf Estates.
About Tilal Al Ghaf
Tilal Al Ghaf is Majid Al Futtaim’s flagship mixed-use community in Dubai, providing a contemporary and luxurious resort-like living experience.
Nestled in the heart of new Dubai, with a stunning lagoon and white sandy beaches at its heart, Tilal Al Ghaf balances luxury resort-style living with a fresh urban feeling. With its exceptional amenities, unique sense of design and unparalleled attention to detail, every home in Tilal Al Ghaf is created with the customer in mind.
Staying true to Majid Al Futtaim’s commitment to sustainable design and living, the community features walkable neighbourhoods connected by a meticulously crafted network of pathways, cycling tracks and jogging trails. A world of culinary experiences, signature Majid Al Futtaim retail selection and the world-renowned Royal Grammar School is never more than a short stroll away.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 16 international markets, employing more than 44,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets.
Majid Al Futtaim operates more than 500 VOX Cinemas screens and 37 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East.