By Daniel Shane
Emirate's largest developer to launch sales of latest Downtown project on June 1
Dubai real estate giant Emaar Properties is to launch sales at the second tower of its upcoming Burj Vista development.
Sales for one-,two- and three-bedroom apartments at the 500 acre project, located in the emirate’s Downtown district, will go on sale at Emaar’s sale centre at 9am (UAE time) on June 1. Potential customers must first register online on May 29 at 10am.
Comprising of two identical 20-storey towers on Mohammed bin Rashid Boulevard, Burj Vista will feature 120 luxury apartments and is located within the vicinity of attractions including Burj Khalifa and Dubai Mall.
“Dubai’s market is witnessing unprecedented interest from both residents and visitors looking to purchase first and second homes in the Emirate,” commented Ahmad al Matrooshi, managing director, Emaar Properties.
“Building on the robust performance that our properties have recorded this year, we are further strengthening our portfolio of world-class residences,” he added.
Emaar, Dubai’s largest listed developer and builder of the world’s tallest tower the Burj Khalifa, has launched a number of new residential projects this year amid a recovery in the emirate’s property prices.
The company is also constructing an opera house and modern art museum in the Downtown area, as well as working on major developments in Saudi Arabia, Turkey and Egypt.
According to a report by Deutsche Bank published earlier this year, average house prices in Dubai rose for the 16th consecutive month in March, although remain significantly below their 2008 peak.
I missed out when Emaar sold these units for the first time in 2008, thankfully i've been given a second chance to make some easy money and at a third of the 2008 price this is a bargain!!!!!!!!
seriously? You think the minimum AED 2,200 is one third of 2008's price? bargain ?
i think its again getting to be a very speculative real estate market. buildings/villas sold out in 3-4 hours are never the basis of a sustainable scenario. fingers crossed!