TownX has awarded the main construction contract for its flagship Ashley Hills project in Arjan to Ocean Stone, marking a major step forward in the $180 million (AED 662 million) residential development.
The development will cover more than 400,000 square feet of sellable area, reinforcing TownX’s commitment to building high-quality residential communities in key Dubai locations.
Ocean Stone, a renowned construction firm with extensive experience in large-scale residential projects, will oversee the construction of Ashley Hills, which includes the development of 616 residential units. The project is designed to offer families and investors a mix of spacious apartments in one of Dubai’s most rapidly developing areas.
Haider Abduljabbar, Executive Director of TownX, said that, “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.”
As part of the project’s ongoing efforts, TownX has also begun collecting Expressions of Interest (EOIs) from potential buyers and investors. This step reflects the growing demand for high-quality residential options in Arjan, with Ashley Hills set to become one of the district’s most sought-after developments.
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.
