JLL Signs Exclusive Mandate to Sell Units in ZāZEN One, a Unique Residential Offering in JVT
JLL, a leading professional services firm that specializes in real estate and investment management, has signed an exclusive mandate to sell residential units in ZāZEN One – a new residential development in Dubai’s Jumeirah Village Triangle (JVT).
The agreement was signed at an official ceremony between Madhav Dhar, Co-founder & COO of ZāZEN Properties and Will McKintosh, Senior Director and Head of Residential & Investment Transactions, MENA at JLL.
Offering modern design, a multitude of facilities and unique features to cater to the mid-market segment consumer, ZāZEN One is perfectly positioned in the heart of new Dubai, right off Al Khail road and is just 10-15 minutes away from chief attractions such as Mall of the Emirates and Dubai Marina. Amenities offered by the building include a temperature-controlled swimming pool, fully-equipped indoor and outdoor gym, 350 metre jogging track, community garden, kid’s play area, rooftop deck and barbeque area, resident’s lounge and private study area with Wi-Fi, among others. ZāZEN One is a Trakhees LEED certified green building, with solar panels helping to reduce the buildings’ energy consumption by up to 25%.
McKintosh commented: “ZāZEN One is a unique proposition, offering contemporary amenities, typically found in large communities, within a single building. It plays host to an array of attractions, both within and around the development, a feature increasingly sought out by potential buyers.”
Commenting on the recent announcement, Madhav Dhar, Co-founder, and COO of ZāZEN Properties said: “We are excited to be working alongside JLL, a partner who shares our values to deliver the best and smoothest experience with our customers. With this partnership and launch, we aim to build trust in our brand and offer a contemporary style of community living experience, in-line with Dubai’s vision 2040. We are kicking off this partnership with our flagship project, ZāZEN One, carving out niche living spaces in the vibrant and established JVT community.”
According to JLL, post COVID-19, the trend within the residential property market has shifted from an investor-driven market to an end-user market, given the recent government measures with regards to long-term residency visas in the UAE.
“This has led to buyers increasingly looking for more space, low density projects across areas like Jumeirah Village Circle and JVT – exactly what ZāZEN One is offering. With more people spending time at home in the current environment, we expect an increasing number of projects like ZāZEN One to be introduced to Dubai’s property market,” McKintosh added.
Construction of ZāZEN One is scheduled to be complete in December 2021, while the handover is being planned for end of January 2022.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JLL MEA
Across the Middle East and Africa (MEA) JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 1000 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca and Johannesburg.
About ZāZEN Properties:
Launched in 2018, ZāZEN Properties is building unique residential developments in established communities of Dubai, catering to the mid-market segment consumer and providing a ‘community within a building.’
Its projects are built with sustainability in mind, with access to ample lush, open spaces and solar power, reducing the building’s energy consumption. ZāZEN Properties’ flagship development, ZāZEN One, located in the vibrant JVT community, is the perfect option for families looking to find a home that caters to all aspects of modern family life. Set to finish construction in December 2021 and handover at the end of January 2022, the development consists of 86 residences offering one, two, and three-bedroom duplex apartments ranging from 881 to 2803 sq ft, ZāZEN One also accommodates a unique option of a two-bedroom apartment with a maid’s room, something rarely seen in the market before.
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