Thursday, May 22, 2014

Shamal Community development project receives overwhelming investor response

Lootah Real Estate Development, a high-end Dubai-based real estate company, has received overwhelming investor response for its Dh.350mn Shamal Community development in Dubai.

The sale of first phase of the development has been highly successful with 40 percent bookings of Shamal apartments, billas and lofts, Lootah said.

The Shamal Community project comprises more than 1050 units including villas, studio and lofts spanning an area of 147,000 sq ft.

The first phase of the project offers Shamal Terraces with 30 villas, Shamal Residences with 204 studio and 55 loft apartments. Residential units of first two buildings at Shamal Residences are now up for sale with price beginning with Dh.632,400 for studio measuring 527 sq ft.

According to the company Executive Director, Saleh Abdullah Lootah, the 40 percent bookings of Shamal apartments, villas and lofts are a testament that investors do not compromise on quality lifestyle and choose projects offered by established developers.

Each unit here features high ceilings, large glass sliding doors, spacious living areas, expansive terraces, attached bathrooms, modern kitchen, fully equipped gym, swimming pools, sauna, car garage, round the clock maintenance and concierge for the whole community.

Shamal Community project would be delivered within 20 months. The easy-to-avail payment plan of Shamal studios is 10 percent on booking, 10 percent after three months, 10 percent in next three months, 20 percent based on construction progress and rest 50 percent at the time of handover in 2016, Lootah said.

No comments: