Lootah addresses investors at a meeting.

Lootah Real Estate, a high-end property developer in the UAE, has announced a major revamp of its Ewan Residences residential community to align it with the modern lifestyle needs of New Dubai.

The revamp was announced at the company’s annual leaseholders meeting held in Dubai. The meeting was attended by several investors and top executives from the developer.

Saleh Abdullah Lootah, executive director of the Lootah Real Estate Development, while sharing the details of the revamp, said: “We keep an eye on new lifestyle requirements in Dubai and we align our communities with the new trends. Our Facility Management team has professionally addressed community issues, focusing the continuous enhancement of lifestyle of residents and profit for our investors. And we thank them for trusting us in our efforts put forth in our community.”

The Dh500-million ($136 million) Ewan Residences, a gated community with beautifully landscaped gardens and community facilities, spans over two million square-foot area in Dubai Investments Park. It consists of 83 buildings, each block comprises 10 two-bedroom and two one-bedroom apartments.

Being in close proximity with New Dubai, Expo2020, business districts of Jebel Ali Free Zone, Dubai Internet City and Dubai Media City, the Lootah Real Estate Development anticipated the need for an overhaul, the company said.

The project will be rebranded as ‘The Ewan Rise’.

The Ewan Rise project master-plan involves building of additional retail and F&B zone, clinic, kids’ pre-nursery care centre, fitness club, recreational and outdoor community amenities, revamped community swimming pool, tennis court, relocation of mosque, skate board park, longer bicycle and jogging tracks and private plantation area for all residents.

One of the major achievements this year for the company has been the listing of Ewan Residences in Rera Rent Index. The residents are now able to see current rent of their apartments in Rental Increase Index over Dubai Land Department website and can register their lease agreements by themselves.

Lootah also announced the launch of Go Stadia cricket academy and the construction of a new Etisalat tower for better connectivity. - TradeArabia News Service