Staff Report
Dubai, UAE
TownX, one of Dubai’s fastest-growing real estate developers with a Dh4 billion project portfolio, has appointed Ocean Stone as the main contractor for its Dh662 million Ashley Hills project in Arjan. The residential development spans over 400,000 square feet of sellable area and features 616 units.
Ashley Hills is expected to be completed in phases, with handover timelines to be confirmed as the project progresses. The development’s strategic location in Arjan offers excellent connectivity to major roads and growing infrastructure, making it an ideal living destination.
Haider Abduljabbar, Executive Director of TownX, said, “We are excited to have Ocean Stone on board as the main contractor for Ashley Hills. Their proven track record of delivering high-quality projects on time and within budget makes them the perfect fit for this ambitious development. With the commencement of construction, we are confident that this partnership will ensure the timely and successful delivery of this landmark project.”
Since its inception in 2017, TownX has focused on delivering projects ahead of schedule and with attention to detail. With over 1,774 units delivered and 2,125 apartments currently in development, the company continues to expand its footprint in Dubai’s real estate market. Key developments delivered by TownX include Easy18, Easy19, Luma21, and Luma22 in JVC. Ongoing projects include 11 Hills Park at Dubai Science Park and Luma Park Views in JVC.
Ends
Also read: TownX to build Dh662 mn project on one of Arjan’s largest plots
