Lootah Real Estate Development Appoints Asteco as Master Sales Agent for “the Waves” Property

Lootah Real Estate Development, one of the region’s prominent luxury real estate developers, has appointed Asteco, a leading real estate consultancy and property management firm, as the exclusive sales agent for its residential property “The Waves”. Asteco will oversee the marketing and sales demand for the 175,905-sq. ft. modern, luxurious project.

Located at Jumeirah Village Circle, “The Waves” features Studios, one bedroom and one bedroom loft apartments ranging from areas of 485 Sq. ft. to 2,000 Sq.ft. The property is designed to cater to a specific residential lifestyle with beautifully proportioned units finished to the very highest of standards.

Comprising of two elegantly designed state-of-the-art buildings, the project is conveniently located in Al Barsha South and will offer 135 units in total. The towers are planned to maximize views and community interaction without compromising on personal space and privacy

Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development said: “We’ve launched “The Waves” based on an understanding of modern trends and the requirements of communities in Dubai. We are committed to the highest quality standards in every aspect of the project and are confident that the Asteco team will communicate and market this successfully. Through Asteco we aim to communicate the variety of flexible payment plans available for Investors and potential buyers and highlight the lucrative proposition for home buyers.”

“This partnership agreement is part of our vision and strategy to assert our position as one of the key developers in the market. We believe that these strategic partnerships will play a vital role in expanding our market share through utilizing the right channels to reach our target audiences.” he added.

John Stevens, Managing Director, Asteco said: “Modern design and innovation are integral to The Waves market appeal. The cool urban feel, a host of amenities and the short distance to Jebel Ali Free Zone, Dubai Media City, Al Maktoum International Airport and the Expo 2020, will undoubtedly appeal to host of young professionals.  Investors can expect high occupancy rates for their property while end-users have the advantage of an affordable property in a central location.”

The project broke ground on September last year and has successfully completed close to one third of the project.  More information about Lootah Real Estate Development can be found at www.lootahdev.com.