New residential projects will soon be completed in Dubai's Jumeirah Village and Silicon Oasis, according to Al Waleed Real Estate.
The projects are set to be completed in the fourth quarter of 2015.
Located in Jumeirah Village, the company's first project, named Al Waleed Residence Building, comprises one- and two-bedroom units, as well as duplex villas. The project spans an area of 9,242sqm (99,485 sq ft), and is located in a total land area of 2,381sqm (25,634sq ft).
Al Waleed Oasis, the developer's second project located in Dubai Silicon Oasis, is a seven-storey development comprising contemporary one-, two-, and three-bedroom apartments, built on a land area of 1,794sqm (19,320sq ft), boasting a total building area of 11,055sqm (119,000sq ft).
"Al Waleed Real Estate is carrying out these projects in line with industry performance and the current status of Dubai's real estate market, which is characterised by fierce competition between developers" a company spokesperson said.