Tanmiyat Group has said that it has handed over keys to 184 villas and one tower block at its delayed Living Legends project in Dubailand six years later than originally planned.
The Saudi Arabian property developer announced today that it had handed over the first phase of the 15 million square foot mega project comprising 500 villas and 12 residential towers after it had finally been connected to Dubai’s electricity and water grid.
Tanmiyat launched the Living Legends project in the Al Barari area of the city in 2006, aiming to finish work between 2008 and 2010. However, the project was halted during the financial crisis and only restarted in 2012.
In September, the developer said that it would deliver all 500 of the villas at the project in Dubailand by the second quarter of the year after completing 172 villas last year.
The project is also slated to include a nine-hole golf course, schools, clinics, a shopping mall and a five-star hotel.
“The journey to this point has come with many challenges as we and the rest of the real estate industry faced the property crash and its aftermath,” said Mohammed Bin Odah, chief executive of Tanmiyat. “Tanmiyat is delighted to receive confirmation from Dewa that phase one of Living Legends is fully powered up and ready for investors to receive the keys to their dream homes,”
He said that 88 per cent of the project had been sold and a second phase of development had been scheduled for handover in the last quarter of 2016.
He said that overall construction would be completed by the end of 2017.
lbarnard@thenational.ae
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