Thursday, April 17, 2008

GGICO launches Axis Residences Phase 2

The Gulf General Investment Company (GGICO) a leading real estate and investment firm in Dubai has launched the second phase of its highly successful 'Axis Residences' at Dubai.

Axis Residence Dubai
The Second Phase of Axis Residence towers boasts of high-level amenities, with all the towers featuring well-designed interiors, spacious balconies and terraces, apart from leisure packages which include pools, health clubs, gymnasiums, and open-air relaxation packages. Safety has been given the prime importance and the apartments are equipped with leading safety features including fire safety and alarm system, security system, smoke detection system and child-proof electrical switches. All the apartments are well-connected through intercom, and the MAT TV and satellite infrastructure offers world-class entertainment.

Leading real estate brokerage firm,, have been appointed as the leading sales agents to handle commercial sales and marketing of all the seven towers.

GIGCO has offered the investors with a tailor-made 7.5 year payment plan with initial booking deposit of 5% out of the value of the unit as the first installment, followed by another 5% of the value payable within 3 months of booking installments. The rest 90% is payable with equal 1% installments beginning October 2008, in 90 months time span.

The CEO of, Peter Penhall says "The initial payment plan during the first phase of the project was very successful with excellent draw for investors. The second phase of GGICO has again increased the bar, with their tailor made plan, which facilitates investors."

GGICO has a well-planned focused strategy for the future, and is poised to replicate its proven track record with successful master developments including Emirates Crown and Horizon Towers in Dubai Marina, Olympic Park in Dubai Sports City, first phase of Axis Residences due for completion towards end of 2008.

The first tower among the seven towers of this project is expected to be ready towards end of 2008, which further boosts the company’s commitment towards delivering an enhanced proposition with all its offerings.

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