TownX appoints Ocean Stone as the primary contractor for its $180mn Ashley Hills project
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The project will feature 616 residential units, designed to provide families and investors with spacious apartments in one of Dubai's most rapidly developing areas
Developer TownX has appointed Ocean Stone as the primary contractor for its upcoming Ashley Hills project. The US $180.23mn development, spanning over 400,000sqft of sellable area is located in Arjan, Dubai. The milestone marks another significant step in TownX's commitment to delivering high-quality residential communities, said the developer.
Ocean Stone, a construction firm with experience in large-scale residential projects, will oversee the construction of Ashley Hills. The project will feature 616 residential units, designed to provide families and investors with spacious apartments in one of Dubai's most rapidly developing areas, the developer explained.
Haider Abduljabbar, Executive Director of TownX said, 'We are excited to have Ocean Stone on board as the main contractor for Ashley Hills. Their proven track record of delivering high-quality projects on time and within budget makes them the perfect fit for this ambitious development. With the commencement of construction, we are confident that this partnership will ensure the timely and successful delivery of this landmark project.'
As part of its ongoing efforts, TownX has initiated the collection of Expressions of Interest (EOIs) from potential buyers and investors. This move underscores the growing demand for residential options in Arjan, particularly with Ashley Hills development.
Ashley Hills is anticipated to be completed in phases, with the handover timelines to be confirmed as the project progresses. Its location in Arjan provides connectivity to major roads and expanding infrastructure.
Since its inception in 2017, TownX has been committed to delivering projects ahead of schedule and with attention to detail. With over 1,774 units delivered and 2,125 apartments currently in development, the company has significantly expanded its presence in Dubai's real estate market. Ashley Hills stands as another milestone in TownX's efforts to create residential communities that cater to the needs of modern families while ensuring long-term value, the statement concluded.
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