Tuesday, September 17, 2013

Burj Pacific records more than Dh 100mn sales during pre-launch

One of the latest high-end developments in Downtown Dubai, Burj Pacific, has drawn considerable interest from real estate investors, recording more than Dh.100mn in the form of sales, during a recent pre-launch session.

Real estate experts, Sherwoods and real estate development company, Pacific Ventures, said that more than 140 apartments in the development have already been sold.

Located less than 500 meters from Burj Khalifa, the 20-storey tower, it comprises 140 single double and triple bedroom apartments and triple bedroom duplexes. About more than 60 percent of these, offer view of Burj Khalifa, given their distinctive “L” shaped design.

The CEO, Iseeb Rehman, when commenting on the launch, said that the development units are priced at more than Dh.1 million to begin with, for a single bedroom apartment. Given its location in one of the most sought after business districts in the region,  Burj Pacific offers high value for money.

Following an initial booking deposit of 15 percent, an additional 35 percent can be paid over the period of construction and rest 50 percent can be paid on completion of the project, due to be delivered in  second quarter 2016, which seems to be an attractive payment plan, he said.

The eight storeys that constitute the ‘Signature Residences’ feature fully-furnished contemporary interiors, by California-based award-winning Architect, Tony Ashai. Ashai has already worked on other innovative projects such as Dubai Lifestyle City, Santori resorts and Shah Rukh Khan Boulevard in Ras Al Khaimah.

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