LRED to launch LOCI, first-ever residential apartments for young professionals – Construction Week Online

LRED to launch LOCI, first-ever residential apartments for young professionals – Construction Week Online

Lootah Real Estate Development (LRED), the real estate development arm of Lootah Holding and one of Dubai’s leading property developers dealing in master-planned, mixed-use communities, and innovative lifestyle developments prepares to launch their new project Loci, a modernistic and dynamic living facility which aims to target the needs of UAE’s young professionals and learners.

Data released by property finder revealed that real estate value increased by 135.4% and the transactions increased by 85.36% in the third quarter of this year as compared to the same period last year.

Surrounded by park views, amenities, and modern design, LOCI, stands at five stories, and consists of 114 units, ranging from designed studios, to 1- & 2-bedroom apartments, based around three broader themes; Miami minimalist, New York Lofts & London Docks.