Invest Group Overseas (IGO), a Dubai-based developer, has launched its mega residential development IGO 101, while committing to invest more than Dh2 billion ($544 million) in projects, leading up to 2020.

With construction to begin in December 2017, IGO 101 is scheduled for completion in Q4 2020.

With an investment of Dh500 million ($136 million), the 195-m-tall residential tower in Jumeirah Lakes Towers (JLT) will include G+39 floors.

As a privately-held creator of community-style developments, IGO is committed to delivering end-user focused products within committed time frames, at prime locations in the city’s most prominent areas, the company said.

Dr Anas A Kozbari, managing partner and CEO of IGO, said: “IGO has been a part of the UAE’s story of growth and expansion for well over a decade, and we firmly believe that the growth trend is poised to continue. Testament to the vision of the leadership, Dubai is not just a city, it’s a brand, and we look forward to adding further value for citizens and residents through our upcoming projects, beginning with the launch of IGO 101.”

Kozbari added: “Aimed at creating residential solutions tailored for the end-user, IGO 101, JLT’s newest landmark, will redefine the affordable luxury segment. We intend to increase the inventory and plug a much-desired gap in the market for premium homes at affordable prices. As a timely and strategic development, IGO 101 will enable Invest Group Overseas to build on our legacy of shaping real estate products that offer good return on investment, while setting new benchmarks for the industry at large.”

In line with best-in-class quality codes that are a hallmark of every IGO project, IGO 101 will provide a suite of lifestyle and functionality services for discerning residents and investors, the company said.
 
Located in Cluster K of JLT, near Sheikh Zayed Road, in proximity to Dubai Marina and Al Maktoum International Airport, IGO 101 will comprise 449 one-, two-, and three-bedroom apartments. Each well-appointed apartment will boast high quality finishes, and feature a lounge, dining area, modern kitchen, and secluded bedrooms with attached bathrooms. Larger units will also include a powder room and laundry closet as well as a maid’s room.

Residents can enjoy a host of upscale facilities, such as a first-class gym with showers and saunas, a health club and squash court, outdoor swimming pools – including one for adults, a kid’s pool, jacuzzi and sundeck with loungers overlooking the lake below, a kid’s play area, as well as retail, food and beverage outlets.

IGO has a portfolio of premium projects across Dubai to its credit, including the Polo Residences and the Polo Townhouses in Meydan. - TradeArabia News Service