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Condor Developers has announced the completion of construction work on the Condor Fortuna project in the Majan area in Dubailand, at an investment cost of about $32.7 million (AED 120 million), comprising 85 apartments.
The company said that the completion of the project raised the total value of its portfolio of completed projects during the past two years to about 204.2 million dollars (750 million dirhams), noting that it added during the same period about 500 units to the residential supply in Dubai through three projects, including Condor Fortuna.
Condor Fortuna is the company’s sixth residential project in Dubai, featuring studios, one- and two-bedroom apartments, spread over five residential floors. Each floor has 17 units, including one studio, 15 one-bedroom apartments and two-bedroom apartments.
The total area of the floors is about 89.4 thousand square feet, and the building consists of a basement, a ground floor, a podium floor, five residential floors, in addition to the roof floor.
Vidihyadran Sevabrasad, Chairman and CEO of Condor Real Estate Development Company, said that the company handed over 95% of its previous project units before the scheduled dates, pointing out that its priorities include adhering to timetables and maintaining the quality of implementation.
The projects previously delivered by Concept 7 Residences in Jumeirah Village, worth about $62.6 million (AED 230 million), include 141 residential units, and Condor Golf Links 18 in Dubai Sports City, worth about $81.7 million (AED 300 million), and includes 256 apartments, according to the statement.
Condor Fortuna is located in the Majan area of Dubailand, near Sheikh Mohammed Bin Zayed Road, and the area is adjacent to residential complexes including Al Barari, Living Legends and The Villa.
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