Dubai-based Lootah Real Estate plans to float a construction tender in May for its new Shamal Community at Jumeirah Village Circle in the emirate.
The new community, which spans 147,000 square feet, will comprise more than 1,050 units consisting of a mix of villas, lofts, and studio apartments.
In May, the developer will issue a tender for phase 1 of the development, which will entail the construction of 270 flats in two four-storey apartment blocks, as well as 19 villas, according to Saleh Abdullah Lootah, executive director of Lootah Real Estate.
The Shamal Terraces villa community is expected to be completed within the next 15 months, while the apartments will take 20 months to complete.
Earlier in April, Lootah Real Estate appointed local Arif & Bintoak Consulting Architects and Engineers to carry out the design and supervision for the new development.
Nakheel, the developer of Jumeirah Village Circle, in March announced plans to build a mall covering 500,000 sq ft at the development. The mall will contain cinemas and a large supermarket, in addition to a variety of retailers, restaurants and cafes.
Nakheel also plans to build a 1 million sq ft regional mall in nearby Jumeirah Village Triangle. The mall will feature a 15-screen cinema, an 80,000 sq ft hypermarket, an entertainment area, a department store and a selection of retailers, restaurants and cafes.