Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

02 Apr 2026 CW Team

ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) partner. Located just off Sheikh Zayed Road, the development offers studio, one-bedroom, and two-bedroom apartments, with nearly 80 per cent of the units already sold.

Mr. Naresh Perwani, Founder and Chairman, Neoterra Developments, said: “The groundbreaking of ELMORA at Jumeirah Garden City signals a significant step forward in our growth strategy as we accelerate our footprint in Dubai. ELMORA reflects our long-term vision to create boutique, design-led residences in prime yet evolving urban districts of the city, aligned with Dubai’s vision for next-generation urban communities.”

He added: “Rooted in Neoterra’s philosophy of ‘Luxury Done Thoughtfully’, ELMORA is envisioned to seamlessly integrate architecture, smart technology, and functionality to enhance modern city living.”

Mr. Shreen R. Gupta, Founder and CEO, GRID, said: “The vision for this iconic project was set by Neoterra’s leadership to create a truly one-of-a-kind residential development in the neighbourhood, defined by quality, excellence, and thoughtful design. Our role is to translate that vision from concept to keys.”

ELMORA will feature 85 fully furnished residences. Studios and one-bedroom apartments are sold out, while limited two-bedroom units remain available starting from AED 1.7 million.

The project is positioned minutes from DIFC and close to the AED 100 billion DIFC 2.0 expansion. Amenities include an infinity lap pool, rooftop lounge, jogging track, gym, sauna suites, concierge services, and sustainability features such as EV-ready parking and energy-efficient systems.

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) partner. Located just off Sheikh Zayed Road, the development offers studio, one-bedroom, and two-bedroom apartments, with nearly 80 per cent of the units already sold.Mr. Naresh Perwani, Founder and Chairman, Neoterra Developments, said: “The groundbreaking of ELMORA at Jumeirah Garden City signals a significant step forward in our growth strategy as we accelerate our footprint in Dubai. ELMORA reflects our long-term vision to create boutique, design-led residences in prime yet evolving urban districts of the city, aligned with Dubai’s vision for next-generation urban communities.”He added: “Rooted in Neoterra’s philosophy of ‘Luxury Done Thoughtfully’, ELMORA is envisioned to seamlessly integrate architecture, smart technology, and functionality to enhance modern city living.”Mr. Shreen R. Gupta, Founder and CEO, GRID, said: “The vision for this iconic project was set by Neoterra’s leadership to create a truly one-of-a-kind residential development in the neighbourhood, defined by quality, excellence, and thoughtful design. Our role is to translate that vision from concept to keys.”ELMORA will feature 85 fully furnished residences. Studios and one-bedroom apartments are sold out, while limited two-bedroom units remain available starting from AED 1.7 million.The project is positioned minutes from DIFC and close to the AED 100 billion DIFC 2.0 expansion. Amenities include an infinity lap pool, rooftop lounge, jogging track, gym, sauna suites, concierge services, and sustainability features such as EV-ready parking and energy-efficient systems.

Products

13 May 2026

Kerakoll Launches -Garv Se Growth- for Contractors

Kerakoll India has launched ‘Garv Se Growth’, a campaign aimed at recognising, rewarding and supporting India’s contractor and mason community engaged in tile and stone laying work.The initiative brings together a series of loyalty-led programmes focused on professional growth, recognition and welfare support for contractors and craftsmen associated with the brand.According to the company, the campaign is built around two themes — pride in craftsmanship and long-term growth opportunities for the workforce engaged in the tile and stone industry.As part of the initiative, Kerakoll has in..

Infrastructure Energy

13 May 2026

Allu Cinemas Installs 727 kW Solar System with Freyr

Allu Cinemas, Kokapet, has partnered with Freyr Energy to commission a 727 kW rooftop solar power system at its cinema facility in Hyderabad with an investment of Rs 22.76 million.The installation is expected to meet nearly 60 per cent of the cinema’s energy requirements, making it one of the largest solar deployments for a cinema complex in the region.According to the companies, the project is expected to reduce annual electricity expenses from around Rs 5.2 million to nearly Rs 0.5 million, generating estimated yearly savings of Rs 7.7–8 million.The solar installation is also projected t..

Technology

13 May 2026

Kaizen AI Discusses Real Estate AI Adoption Across Projects

Real estate developers, architects and technology firms discussed the growing implementation of artificial intelligence across active projects in India, Dubai and the United States during a media interaction held in Mumbai this week.The discussion focused on how AI-driven systems are increasingly being used in live real estate projects to evaluate planning, parking, efficiency, cost and constructability at a scale beyond conventional workflows.Kaizen AI, which has worked on more than 200 projects globally, showcased how AI-led optimisation systems are being integrated into developments across ..