Dubai Property News

Dh 700mn projects of Deyaar meet complete sales on first-day launch

Deyaar has successfully completed the sale of its Dh 700mn projects at Dubai Silicon Oasis (DSO) on the very first day of launch.

Ever-since its launch last week, apartments at Coral, Jade and Ruby Residences were in high demand among investors.

Apart from the amazing investor response, customers were also drawn by Deyaar’s proposition to handover the projects within 14 months (by June 2009). The other aspects that appealed to the investors are the high investment potential, strategic project location, spacious units with community-centric designs, superior quality of construction, and easy finance options.

The Deyaar Managing Director, Saeed Al Qatami, said “Even with the increase in demand for Deyaar-developed properties, our recent launches have seen greater response from end-users, against the regular notion that most purchasing activities are speculative in nature. This was evident during the launch of Coral, Jade and Ruby. Easy finance options by banks also helped us reach out to wider section of end-users.”

Located in Dubai Silicon Oasis, the Coral, Jade and Ruby residences meet the needs of the value-conscious end-user segments. All three projects will be in close proximity to play zone areas, green parks, restaurants, shopping malls, cafes, community center and other academic institutions, including Sheikh Zayed University.

The projects feature 464 units with spacious single, double and triple bedroom apartments that are conveniently located off Emirates Road, in close proximity to Dubailand, Dubai Outsource Zone and other major business districts that are well-connected to the current and upcoming airports. The area will also be served by Dubai Metro during the second phase.

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