Deyaar says Midtown mega project on track for end-2019 handover

Developer releases final units available within the Dania district of its Midtown development
By Sam Bridge
Sat 02 Jun 2018 01:03 AM

Deyaar Development has announced the release of the final units available within the Dania district of its Midtown development, as the project reaches 35 percent completion.

Investors can snap up the last available units in Midtown’s Dania district with an exclusive Ramadan offer from Deyaar, which will see the company cover 100 percent of the Dubai Land Department fee.

Prices in Midtown start from AED680,000 for a one-bedroom apartment, with 80 percent due on handover of the unit. Buyers will only pay a five percent booking fee to secure their property if they sign up by the end of Ramadan.

An integrated urban community in Dubai Production City near Sheikh Mohammed bin Zayed Road, Midtown is composed of 27 buildings with a built-up area of almost five million square feet, including sold-out studios, one-bedroom, two-bedroom and three-bedroom apartments.

The Afnan district comprises 659 apartments, and the Dania district comprises 579 apartments.

Nasser Amer, sales vice president at Deyaar, said the company is well on track for a Q4 2019 handover.

Deyaar is listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB).

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Last Updated: Sat 02 Jun 2018 01:05 AM GST

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