By Andy Sambidge
Group CEO says 200 luxury townhouses available for sale to UAE nationals only
Dubai Properties Group (DPG) has announced that 200 townhouses at its recently launched Mudon project will be restricted for Emirati buyers.
Group CEO Khalid Al Malik said that the four-bedroom villas, which come complete with maid's room and a courtyard garden, will be available from Sunday to Emirati nationals by appointment only.
Prices will start from AED2.5m, DPG said in a statement.
Al Malik said: "This decision will provide Emirati nationals with an opportunity to invest in property within the UAE by purchasing a home in an up and coming community in Dubai."
Interested parties must pre-register on DPG's website DPG.ae, following which they will be contacted by a sales representative to make an appointment to view show townhouses from Sunday.
Earlier this month, DPG launched sales of 348 family townhouses at its much-delayed Mudon project in the Dubailand district.
DPG announced plans to restart work on phase one of the project in late 2012 in response to market demand for spacious and affordable family homes.
DPG added that work on key infrastructure and townhouse units were "already in an advanced construction phase".
The project is due to start handovers from mid-2014.
I am sorry to say it, but this is high level dicrimination!
What's to stop them flipping the properties to non-Emiratis? Nothing I'll bet.
That's a very rude remark to make,,, Ulevpri
It's very common for government to set program to encourage there citizen to own a home..Dubai has been very open and generous in giving easy and flexible terms for foreigner to own properties in Dubai that made it easier and cheaper to invest here rather than there own countries..in my honest opinion Dubai has the largest penetration of foreign honor ship
This I think follows in the footsteps of Abu Dhabi, who decreed some time ago that a certain percentage of any new developments should be allocated to UAE citizens.
Affordable/social housing is still a big issue on the political agenda and DPG is effectively a GRI and I read a report recently from one of the big real estate consultants, which said there was a shortfall of 40,000 homes for nationals in the UAE.
Isn't this all due to the changing social climate in the Gulf states post Arab Spring?