Latest news with #OceanStone
ME Construction
10 hours ago
- Business
- ME Construction
TownX appoints Ocean Stone as the primary contractor for its $180mn Ashley Hills project
Construction TownX appoints Ocean Stone as the primary contractor for its $180mn Ashley Hills project By 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.
Zawya
a day ago
- Business
- Zawya
Dubai's TownX awards contract for $180mln housing project in Arjan
Dubai-based developer TownX has appointed Ocean Stone as the main contractor for its 662 million UAE dirham ($180.23 million) Ashley Hills project. The project houses 616 residential units and spans over 400,000 square feet of saleable area in Arjan, the developer said in a statement. Ashley Hills is expected to be completed in phases, with handover timelines to be confirmed as the project progresses. The developer has also begun collecting expressions of interest (EOIs) from potential buyers and investors. Since its inception in 2017, TownX has developed over 1,774 units and has 2,125 apartments under development. Its real estate portfolio is valued at AED 4 billion. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
2 days ago
- Business
- Zawya
TownX appoints Ocean Stone as main contractor for its AED 662mln Ashley Hills project
Dubai, UAE: TownX, one of Dubai's fastest-growing real estate developers with an AED 4 billion project portfolio, has appointed Ocean Stone as the main contractor for its Ashley Hills project. Located in the heart of Arjan, the AED 662 million development spans over 400,000 square feet of sellable area, marking another milestone in TownX's commitment to delivering high-quality residential communities. Ocean Stone, a renowned construction firm with extensive experience in large-scale residential projects, will oversee the construction of Ashley Hills, which includes the development of 616 residential units. The project is designed to offer families and investors a mix of spacious apartments in one of Dubai's most rapidly developing areas. 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 the project's ongoing efforts, TownX has also begun collecting Expressions of Interest (EOIs) from potential buyers and investors. This step reflects the growing demand for high-quality residential options in Arjan, with Ashley Hills set to become one of the district's most sought-after developments. Ashley Hills is expected to be completed in phases, with handover timelines to be confirmed as the project progresses. The development's strategic location in Arjan offers excellent connectivity to major roads and growing infrastructure, making it an ideal living destination. Since its inception in 2017, TownX has focused on 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 continues to expand its footprint in Dubai's real estate market. Ashley Hills is another milestone in TownX's efforts to create residential communities that meet the needs of modern families while delivering long-term value. Other key developments delivered by TownX include Easy18, Easy19, Luma21 and Luma22 in JVC. Ongoing projects include 11 Hills Park at Dubai Science Park and Luma Park Views in JVC. About TownX Founded in 2017, TownX is a Dubai-based real estate developer with a project portfolio valued at AED 4 billion. Driven by a team of 350 employees, the company has delivered over 1,774 units to date. TownX is currently developing 2,125 apartments and has completed 1,036,000 square feet of premium living space. With a focus on family-oriented communities, the company designs spaces that cater to all generations. TownX prioritises premium quality by incorporating high-end finishes, energy-efficient designs, and spacious interiors. Above all, the company is committed to an exceptional user experience, ensuring that each project enhances the daily lives of its residents. Key developments delivered include Easy18, Easy19, Luma21 and Luma22 in JVC. Ongoing projects include 11 Hills Park at Dubai Science Park and Luma Park Views in JVC. For media enquiries, please contact: Keel Comms +971 50 247 7647 support@
