17 September 2017

Dubai, United Arab Emirates, 17 September, 2017 Jumeirah Golf Estates (JGE), the world-class residential golf destination offering luxury homes and leisure facilities among two internationally-acclaimed championship golf courses, has been honoured by Forbes Middle East as one of the winners in the category ‘Top Unlisted Real Estate Developers in the Arab World’. 

JGE’s wins in the face of such fierce competition is testament to its unique products and ability to monitor and adapt to the needs of the market. More than just a destination, JGE offers an unmatched outdoor community living experience in the heart of new Dubai. While its championship golf courses are among the best in world, the luxury standard of homes on the side-lines matches the superior quality of the greens. 

Abdulaziz Bukhatir, Executive director at Jumeirah Golf Estates has received the award at a gala dinner at the Waldorf Astoria in Dubai, against considerable competition from developers across the region.

"Forbes Middle East celebrates the leading innovators in the region’s real estate industry, and we are proud to be named one of the top companies driving the sector’s growth,” commented Yousuf Kazim, CEO of Jumeirah Golf Estates. “Our goal is to reinforce JGE as a world-class residential and leisure destination, in line with evolving market needs. Such recognition from Forbes as well as the significant interest we continue receive from local and international investors and home-owners, is testament to the success of our efforts.” 

The Forbes Middle East event ranked the Arab World's Top 100 real estate companies and consultants to recognise their significant contribution to shaping the country's real estate sector. Business leaders and the visionairies of top enterprises were celebrated along with their contribution to the economic development of the Arab world.

The award-winning destination has made remarkable strides towards achieving its goal. Earlier this year, JGE announced that its Alandalus Townhouses sold out within three hours of release onto the market. Introducing a new home concept to Dubai, the townhouses combine modern and traditional Andalusian materials with functional, sophisticated, comfortable indoor and outdoor spaces. The strong demand seen for these townhouses underpins JGE’s reputation for bringing the right type of product to the market at the right price, without compromising on the layout and finishing. 

JGE Estates appointed Progress Constructions LLC as the contractor for the townhouses and retail centre of Alandalus in June, and construction is progressing on schedule. Meanwhile, Phase 1 of its apartments (comprising two towers) have already sold out and are on track for their 2018 handover.

Most recently, Jumeirah Golf Estates announced the  big launch of an exclusive offer on  its Alandalus apartments at Cityscape Global which turned out to be a massive success. Cityscape buyers had the chance to use the offer for the Alandalus community’s Mediterranean-inspired apartments, whereby  home-owners and investors benefited from monthly 1 per cent instalments during construction. The payment plan, which includes 5 per cent upon booking and the final balance of 70 per cent due on handover in Q3 2019, is available until 30th September 2017 to investors and home-owners of any nationality. It is applicable to the full range of one to four-bedroom apartments, with prices starting from AED 685,000. Moreover, UAE Nationals can avail a 2 per cent waiver on Dubai Land Department (DLD) fees on property purchases.