Emaar says new Dubai launch sold out on day one

UAE developer says all 280 units in latest Downtown Dubai project quickly sold out
By Shane McGinley
Sun 27 Jan 2013 03:48 PM

Dubai’s Emaar Properties reported all 280 properties available at its latest Downtown Dubai launch sold out on the day of their public launch, the developer confirmed on Sunday.

Potential customers were given the option to pre-register their interest online for the off-plan serviced residences at The Address Residence Fountain Views in Downtown Dubai and all units were sold out when they were released to the public on a first come, first served basis on Saturday January 26.

“The overwhelming investor response to The Address Residence Fountain Views is another strong testament to the robust property demand in Dubai… [and] not only appealed to residents in the city but also to investors from around the world,” said Ahmad Al Matrooshi, managing director, Emaar Properties.

“We will continue to explore potential development opportunities in line with the growing demand for homes in the city, especially in premier communities such as Downtown Dubai,” he added.

An integral part of the expansion of The Dubai Mall, The Address Residence Fountain Views is directly linked to the world’s largest shopping and entertainment destination.

Residences have views of Burj Khalifa, the world’s tallest building, and the response was similar to Emaar’s launch of serviced residences in The Address The BLVD, also in Downtown Dubai, last May.

The Address Residence Fountain Views is a 55-level dedicated serviced residences development with 280 units offering investors a choice of 1, 2, 3 and 4-bed apartments.

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