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Mon 19 Nov 2018 02:04 PM

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Heart of Europe developer says all Germany Island homes sold

Kleindienst Group has announced it has successfully sold all 32 luxury villas on Germany Island as second homes

Heart of Europe developer says all Germany Island homes sold
Construction on Germany Island started in early 2018 and handover is expected for the end of this year, with construction completion by the second quarter of 2019.

Kleindienst Group, the creator of The Heart of Europe, has announced it has successfully sol all 32 luxury villas on Germany Island as second homes.

The island, part of a cluster of six islands off the Dubai coast, hosts 15 beachfront and 17 lagoon villas, with prices starting at AED11.5 million.

The sales announcement follows news earlier this year that all 10 luxurious Sweden Beach Palaces on Sweden Island had been snapped up.

Construction on Germany Island started in early 2018 and handover is expected for the end of this year, with construction completion by the second quarter of 2019.

Josef Kleindienst, founder and chairman of Kleindienst Group said: “The successful sell out of Germany Island’s 32 villas is further testament to the growing demand for freehold second homes in Dubai.

"We have witnessed strong interest from UAE, GCC and now European investors in second homes on The Heart of Europe, which reinforces that Dubai is ready both for this concept and a new investment opportunity with guaranteed returns.

"Out of our 4,000 units that will be available, we have now sold over 1,000 units to a mix of buyer nationalities and we will bring more new investors from Europe in Q4 this year and beyond."

He added: "Our project is on track and we recently increased the number of workers to approximatively 2,000. As we move towards the handover of the first homes at the Heart of Europe very soon.”

Germany Island is being constructed in the shape of a horseshoe.

Kleindienst said that it plans to start handing over three islands, Sweden, Germany and Floating Seahorses at St Petersburg Island.

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