IKR Development, a rising name in Dubai’s real estate sector, has reached a significant milestone by launching construction on its latest residential project, Provenza Residences, at a prime location in Jumeirah Village Circle (JVC).
The ceremony at the site marked the official start of building the 17-storey tower, which will host 186 well-designed studios, 1-bedroom, and 2-bedroom apartments in one of Dubai’s rapidly expanding communities.
Provenza Residences boasts French-inspired architecture, smart home features, fully equipped kitchens, and over 14 premium podium and rooftop amenities, promising quality, comfort, and modern living. Some units will feature private plunge pools, a first for JVC.
This development offers a unique investment opportunity with excellent access to major highways and future metro lines, promising strong capital appreciation for early investors and a balanced, community-focused lifestyle for residents.
Asnan Rehmatwala, director of IKR Development, stated: “Breaking ground on Provenza Residences is an exciting step for IKR Development. This project reflects our vision of providing thoughtfully crafted residences that offer lasting value to residents and investors.”
Kamran Rehmatwala, also a director at IKR Development, added: “Provenza Residences is more than a building; it’s about creating a lifestyle that embodies elegance, functionality, and innovation. Its strategic JVC location, modern amenities, and flexible payment plans position it as a benchmark for urban living in Dubai.”
Key highlights of the project include:
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Location: Prime site in JVC, close to major highways and city destinations.
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Units: 186 residential units (studios, 1 & 2-bedroom apartments).
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Design: French-inspired architecture with modern finishes.
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Amenities: Rooftop cinema, jacuzzi, vertical garden, fitness and wellness facilities, and more.
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Payment plan: Flexible 60/40 standard and post-handover options.
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Handover: Scheduled for Q3 2027.
The ground-breaking event at the site was attended by dignitaries, partners, and stakeholders.
