By Sam Bridge
Deyaar Development has announced the launch of Noor, the third district in its Midtown project in Dubai
Deyaar Development has announced the launch of Noor, the third district in its Midtown mega project in Dubai.
Noor district comprises 7 buildings with 593 units, including studios, one-, two-, and three-bedroom apartments. Prices start from AED480,000.
Designed with affordable family living in mind, Midtown residents will also enjoy amenities that cater towards a fit and healthy life, with open green spaces, retail and F&B options and sports facilities.
The launch coincides with the introduction of Deyaar Flexi program, a new payment program under which investors can purchase property with an initial payment of 10 percent.
Saeed Al Qatami, CEO of Deyaar said: “It gives us great pleasure to announce Noor, our newest district in Midtown. Our popular flagship project has proved exceptionally popular, offering affordable and family-focused homes.
"Both Afnan and Dania districts within Midtown were more than 95 percent sold out at the time of completion, so the introduction of Noor creates an exciting new opportunity for first-time home owners, families, and investors alike to purchase property.”
Midtown, located in Dubai Production City near Sheikh Mohammed bin Zayed Road, comprises six districts composed of 26 buildings across a built-up area of almost five million square feet. The development offers over 2,000 units, ranging from studios through to three-bedroom apartments.
Deyaar recently announced its financial results for 2019, reporting revenues of AED603.7 million and a net profit of AED71.5 million.