TownX Selects Ocean Stone as Main Contractor for AED 662 Million Ashley Hills Development in Dubai
In a significant advancement for the real estate landscape in Dubai, TownX, one of the emirate’s rapidly ascending property developers, has officially appointed Ocean Stone as the main contractor for its prestigious Ashley Hills project. With the project budget pegged at AED 662 million, this ambitious development is situated in the vibrant Arjan district and aims to set a new benchmark for residential living in the area.
The Ashley Hills project boasts over 400,000 square feet of sellable area and encompasses the construction of 616 residential units. Given the increasing demand for premium housing solutions in Dubai, this initiative is poised not only to enhance the local residential market but also to attract families and investors alike to the Arjan community.
Ocean Stone is well-regarded within the construction sector for its extensive expertise in managing large-scale residential projects. The firm has established a reputation for its commitment to quality and efficiency, which are essential attributes, particularly for a project of this magnitude. This collaboration signals a strategic partnership that promises to utilize Ocean Stone’s wealth of experience to deliver homes that are both stylish and functional, tailored to cater to the diverse needs of prospective residents.
Haider Abduljabbar, the Executive Director of TownX, conveyed optimism regarding the partnership, emphasizing Ocean Stone’s impressive track record: “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.” His comments reflect the confidence that TownX places in its contractor as they work to bring Ashley Hills to fruition.
The development has already stirred considerable interest, with TownX actively collecting Expressions of Interest (EOIs) from potential buyers and investors. This proactive approach indicates a robust demand for high-end residences in Arjan, a locality increasingly recognized for its connectivity to vital road networks and infrastructure. As urban living continues to evolve, the strategic location of Ashley Hills positions it as a prime choice for those seeking convenient access to Dubai’s extensive amenities and services.
Since its establishment in 2017, TownX has carved a notable niche in the Dubai real estate market, successfully delivering over 1,774 units and currently advancing plans for an additional 2,125 apartments. Among its completed projects are notable developments such as Easy18, Easy19, Luma21, and Luma22 in the Jumeirah Village Circle (JVC), which have garnered attention for their innovative design and community-focused layouts. The company is also focusing on further projects, including 11 Hills Park in Dubai Science Park and Luma Park Views in JVC, reinforcing its commitment to fostering high-quality residential neighborhoods.
Ashley Hills represents not just another project for TownX, but a significant milestone that aligns with the company’s mission to cultivate enduring value in residential communities. By combining modern architectural aesthetics with thoughtful design, TownX aims to create living environments that resonate with today’s homeowners and investors alike.
As the Middle East’s property market continues to rebound post-pandemic and adapt to the evolving demands of urban living, developments like Ashley Hills are vital to shaping the future of residential offerings. This project signifies the broader trends in property development in the UAE, wherein diversity, quality, and strategic location are increasingly imperative.
In summary, TownX’s ambitious venture in the Arjan district, with Ocean Stone at the helm as the main contractor, is poised to deliver a significant contribution to Dubai’s residential landscape, setting a high standard for future developments in the region.
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