Friday, August 15, 2008

Sunland rejoices over successful sale of Nur residences within weeks of launch

Nur Cultural Village
The Sunland group has successfully sold about 86 percent of their 'Nur' residences, within two months of launch. This implies that about 165 out of the 191 single and double bedroom apartments, worth Dh.592.88mn have been successfully sold by the group.

The Arabic translation of 'Nur' meaning 'light' is a 27 storey boutique residential tower located within the Culture Village, facing the Gardens of Goodwill. Launched on 10th June 2008, only 26 of the apartments remain for sale.

The apartments of Nur range from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom, with additional space for private balconies. The development has two penthouses, split over level 26 and 27 of the tower.

The residents can enjoy exclusive amenities located on the fourth floor, including an outdoor private swimming pool, which stretches across 20 meters, landscaped outdoor gymnasium and terrace. The prices at Nur begin with Dh.2mn for a fully furnished single bedroom apartment.

The Managing Director and Founder of Sunland Group, Suhail Abedian, pointed out that the demand for the Nur residences have been quite strong, ever-since the talk about the development began during its inception stages. A lot of young professionals and families have shown interest in the development with local and Middle Eastern investors.

The development, worth Dh.725mn, is the third scheme in Dubai by the Sunland Group, and is a proof of the growing success of the developer's expansion within the UAE, owning a local portfolio of more than Dh.13bn.

The success of Nur, follows the earlier launches by the developer, such as the D1 and Palazzo Versace, both of which are also in Culture Village.

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