Dubai investor buys 125 villas near Meydan Racecourse

Unnamed buyer is also in talks to acquire more units at Meydan City's Millennium Square project
Dubai investor buys 125 villas near Meydan Racecourse
By Staff writer
Thu 22 Jan 2015 12:02 PM

An unnamed investor has bought 125 villas in a
luxury development in Meydan City in Dubai, with agents reporting that talks
are ongoing to extend the deal even further.

The mystery buyer made the bulk order last month
for the units in the Millennium Square project in Meydan City, where villas
are priced from AED4.5 million ($1.225 million), Manish Bhandari, a senior agent
at real estate firm SPF Realty, confirmed to Arabian

Bhandari declined to divulge the nationality of the investor as talks are still ongoing to potentially extend the deal beyond the
estimated $150 million already put down.

A total to 700 units will be built at Millennium
Square, with 210 villas released as part of phase one.

Construction on the AED1.5 billion project, which
is being developed by G&Co’s, is due to start in July.

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.