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Indigo Properties LLC celebrates a year of success

United Arab Emirates: Sunday, July 20 - 2008 @ 16:02

However the next twelve months will present new challenges as they plan a new series of announcements as well as fulfilling the process of implementing the new Strata Law regulations across their projects.

“Last year we announced that the company would be embarking on an accelerated growth programme in the last twelve months – our fourth full year of trading – we have seen again and again confirmation that our confident predictions have been a reality,” says Indigo Properties Director, Anand Lakhiani.

“It’s the challenge that is ahead of us that will now become our key focus as we progress on a new path to deliver yet more exciting projects and lead the market in implementing the new Strata Law regulations across our full portfolio.”

The company launched its first project, Indigo Tower, in March 2004 followed shortly after by Indigo Icon.

Designed by internationally renowned architects WS Atkins, the residential part of the tower comprises 272 apartments, a mix of spacious studio, one, two and three-bedroom apartments and duplex penthouses.

The commercial space consists of 68 offices over eight levels. MAF Dalkia will manage the facilities management aspect.

Over the past year this project has been successfully handed over to customers.

Indigo Icon is a 34-storey office, also designed by WS Atkins, located within the same district boasting views of surrounding lakes and waterways.

At their International City projects, Indigo’s success in the past year has surpassed all expectations. Indigo Optima 1 and 2 are two unique, mid-rise building developments (ground plus 10 floors), currently providing the only business space solution within the International City Master Community phase 1.

These two projects have completely sold out and piling and shoring of the sites has already commenced. This is also the case for Indigo Spectrum 1 & 2, a residential offering also within International City.

In October 2007, Indigo announced the launch of Indigo Central, eight striking buildings combining blue-hued glass complimented by steel.

These state-of-the-art retail showrooms and commercial offices are located at Al Safa and Al Manara on either side of interchange 3 on Sheikh Zayed Road and near to the proposed Dubai Metro station. Offered on 30 year renewable leases, construction is now well on the way.

Indigo has also become a significant player in Jumeirah Village, with a series of eight individual developments of warm and welcoming four bedroom Mediterranean styled townhouses, which according to Anand Lakhiani, “sold out in a matter of days when offered to the market”.

He continues, “Not only is Indigo Ville located in such a superb location on the junctions of Emirates Road, Barsha Road and Al Khail Road, but it is part of a master development that’s been created to be self-sustained. With community centres, schools, sports and leisure facilities, providing a real sense of community living, it has been a hugely appealing offer to the market.” Construction will start in the coming months.

Finally, with Orange Lake at Jumeirah Golf Estates, Indigo has confirmed its entrance into the luxury villa market.

Situated on the 3rd and 4th holes of the Greg Norman designed Fire course, Orange Lake is a beautiful development of 68 individual family villas which brings a new sense of luxury and space to Dubai.

A community of four, five and six bed-roomed homes with expansive living and entertaining areas, landscaped exteriors, swimming pools, garages and ample parking Indigo has confirmed that over 80% of the development is already sold.

So what next for the twelve months ahead? Anand Lakhiani explains, “More of the same. We are committed to delivering high quality properties for our customers in a timely and cost effective manner and to ensure that our entire portfolio mirrors regulatory requirements. Of course, we will also have several new projects to announce over the summer period.”

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Sunday, July 20- 2008 @ 16:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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