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Sternon Tower, the first real estate project of Sternon Gruop in Jumeirah Village, Dubai |
Dubai-based real estate firm Sternon Group has unveiled plans to develop real estate development projects in Dubai with an investment of Dh300 million. Sternon Developers FZC, the newly set up division of the group, will execute a number of mixed-use realty projects across Dubai over the next few months. Its first project ‘Sternon Tower’, a 16-storey mixed-use development in Jumeirah Village South, will begin construction in June 2008.
Hussaini Nalwalla, MD, Sternon Developers, said, “So far in Dubai, Sternon had focused on promoting and underwriting properties of other developers, but now we are going to develop our own real estate projects, backed by our expertise in executing high-end residential and commercial projects in the United States and India”.
Located near Dubai Autodrome, Sternon Tower will house residential units comprising studio, 1, 2, 3 and 4-bedroom penthouse apartments as well as retail segment and offices. The real estate development is a freehold property offering residence visa and boast of high-end amenities and world-class construction standards.
