Tuesday, November 11, 2008

75% of Axis Residence Phase III units sold within days of launch

The Gulf General Investment Company (GGICO) has announced that 75 percent of all its units in the third phase of the Axis Residence Project, have been sold within days after its launch. The project is located in the attractive location of Dubai Silicon Oasis (DSO).

Axis Residence Dubai
According to the company, the special financing solutions developed by the company has increased the attractiveess of the opportunity, with the option of making installment payments over a 100 months period, and a down payment of just three percent.

This offer makes the project more economic-friendly, making it fall into the range of medium and low income segments.

The General Manager of GGICO, Simon Philip, says that the company aims to inspire confidence in the company's products, making them more accessible to customers, particularly, when several other financial institutions are refusing to extend credit, due to the global credit crunch.

Launched in 2007, the Axis Residence project has drawn plenty of investors, given its attractive location, and high quality of building. The third phase of the project, comprising eight towers, spans across an area of 1.3million square feet, and is worth a total value of Dh.1.2billion.

The towers are renowned for their reasonable pricing and vary in size from single to three bedrooms, and have the necessary amenities incorporated such as fitness center and swimming pool.

1 comment:

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