Andalusia Group Real Estate Investment and Development Announces Acquisition of New Plot in Majan to launch AED 180 million Residential Project

Dubai, [May, the 30^th, 2024] – Andalusia Group Real Estate Investment and Development, spearheaded by CEO and Founder, Saleh Tabakh, is thrilled to announce the successful acquisition of a new plot in Majan, setting the stage for the launch of a high-end Parisian-inspired residential building. This strategic move marks the Group’s fifth project since its inception in 2019, demonstrating a steadfast expansion of its real-estate portfolio in Dubai, which includes a diverse array of shopping malls, townhouse projects, and residential buildings.

Saleh Tabakh expresses his enthusiasm and confidence in Majan as a burgeoning area of potential, highlighting the recent surge in interest from top developers, spurred by significant improvements in infrastructure. “We believe in Majan as one of the high-potential areas which has recently become the destination of choice for top developers, thanks to the massive infrastructure improvement work going on,” Tabakh remarked.

Andalusia Group Real Estate Investment and Development, a homegrown boutique company from Dubai, has consistently focused on developing high-end projects, further expanding its operations to include facilities management, Fitout work, and recent ventures into the healthcare business. Emphasizing the Group’s commitment to sustainable growth, Tabakh added, “Our focus is to create sustainable growth as we believe the Dubai market is for the long term and is extremely appealing. It is expected to sustain growth for years to come.”

The upcoming project aims to blend traditional French architectural elegance with cutting-edge technology and innovative ideas, focusing on family-oriented living solutions. More details about the project will be disclosed to the market soon, with a launch anticipated before the end of 2024.

Reflecting on the challenges of securing high-standard plots in a competitive market, Tabakh shared, “It was very difficult to acquire a land that matches our standards in such a highly competitive market. The demand for plots is massive, which shows that developers have plans to expand and sense the increasing demand in the market.”