Eshraq Properties, a leading real estate company, has announced three major projects - Jumeirah Village Circle (Dubai) and Marina Rise Project and The Gateway (Abu Dhabi), thus expanding its property portfolio in the UAE.

Jumeirah Village Circle is a premium residential and leisure destination in Dubai that comprises three plots assigned for commercial, residential and hospitality purposes.

Located at one of the most vibrant hubs of Dubai, the Jumeriah Village Circle is in close proximity to the business district and lies 12 km from the Dubai International Airport, Dubai Convention Centre and the Exhibition Centre.

The property plan includes a shopping quarter, state-of-the-art gymnasium, and a swimming pool.

Marina Rise Project is located on Reem Island and is within walking distance of Galleria Mall and Cleveland Hospital that features striking views of the Abu Dhabi skyline.

Comprising Marina Rise C1 and Marina Rise C3, the project is set to provide commercial and residential spaces, and Marina Rise C2 that has been assigned to be a hotel will boast luxury suites, two restaurants and a roof space that boasts exemplary views.

The project is designed to be a key landmark of the island thanks to its strategic location.

The Gateway mixed-use buildings located in Sas Al Nakheel is located at the entrance of Abu Dhabi lying adjacent to the Sheikh Zayed Bridge. Spread over a sprawling 77,000 sq m area, the property will adhere to world-class standards making the Gateway a unique and prime area of the capital.

Promoted as a city within a city, the Gateway will feature an upscale shopping mall, and a four-star beach hotel flanked by 12 cottages with pool access. The hotel itself will have seven floors with luxury suites and long-stay apartments.

In addition, the Gateway has three residential buildings ranging from six to eight floors and comprises 180 units. The buildings replicate the concept followed in Jumeirah Beach Residences (JBR) with shops on the ground floor. To add to the splendour, the village will have an exquisite mosque with intricate details.

Unveiling the projects, Eshraq Properties chairman Jassim Al Seddiqi said: "Eshraq Properties is proud to have built a unique portfolio of diversified properties, many of which are long established and iconic to the Emirati lifestyle and culture. We are excited for the new additions to our portfolio which are a significant contributor to the economy, society and community of the UAE."

All these projects are likely to be ready by 2021, he added.

Eshraq, he stated, was looking forward to escalate its rate of growth in the upcoming year and increase shareholder value in the long term.

A fully-integrated and self-managed real estate company, Eshraq has several major projects in Dubai International Finance Centre (DIFC) and Jumeirah Dubai.-TradeArabia News Service