Union Properties has achieved higher sales yields since launching the sales of OIA Residence due to this high-yielding investment opportunity.
The project is located in the heart of MotorCity with a Modern Greek design. The architecture is inspired by white-painted houses synonymous of the Greek islands and OIA Residence named after a small town in the island of Santorini, Greece.
UP commenced sales for OIA Residence, with the latest off plan project in its master development MotorCity.
The company is offering an attractive payment plan to encourage investors and end users to invest and buy an apartment. The payment plan allows buyers to pay 50% till handover in quarter one 2018 and 50% remaining Finance payable over two years after completion without interest or commission, and only 50% to be paid for property registration.
G+5 floors building spread over 184 square feet with total investment value of AED 450 million. The project includes 269 residential apartments and varies from one, two, three, four bedroom apartments as well as duplexes.
With Mediterranean charm, private gardens and terraces providing direct access to outdoor swimming pools, gym as well as a squash court and offers a wide range of lifestyle amenities including community retail centres, cafes, restaurants, open spaces, and trails for jogging.
Ahmad Al Marri General Manager of Union Properties said: “We are pleased to have launched OIA Residence in the exact time as we initially scheduled. The new launch of this project within MotorCity showed an obvious interest from investors and off plan buyers who seek quality, ultimate living experience and a variety of amenities within a multi-use environment.
"UP developed a variety of projects in Dubai and OIA Residence is going to add to our portfolio of luxurious projects. Our strategy for MotorCity is to grow the quality residential units and retail projects in order to ensure residents and client’s satisfaction."
Al Marri added that the project is distinguished by using art and a blend of traditional and modern architecture. The project is expected to be finalised in the first quarter of 2018, and it will definitely add to Motor City’s uniqueness and it will also be a great addition to the Real Estate market in Dubai and for MotorCity residents in particular.”
OIA Residence is offering buyers the opportunity to own elegant apartments with a contemporary design in Dubai, a low residential building encompassing a variety of amenities.
The project encapsulates the lifestyle that Dubai has to offer to its residents, with spacious size as well as extensive leisure facilities, all in the comforts of their own small community to ensure happiness of all residents. As we continue to develop projects we are certain that OIA Residence will be adding to Union Properties portfolio.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.
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