Tuesday, February 17, 2015

Villa Lantana development 2nd phase sale generates huge buyer interest

The second phase of sales announced for Villa Lantana freehold residential development by Tecom Investments at Al Barsha South Dubai, generated good buyer interest, particularly from Emirati investors.

The development includes 17 different types of villas, 11 floor plans, and a range of triple, four and five bedroom detached and semi-detached family homes.

While the first phase was released for sale in September 2014, there has been keen interest from Emirati investors. Tecom, in its statement said, UAE nationals constitute 43 percent of total number of Villa Lantana buyers it said.

villa lantana

According to BNC data, the project also includes parks, retail centre, playgrounds, sports facilities like pools, gymnasiums, courts and outdoor jogging tracks etc. The residential complex is located in proximity to business areas, retail and entertainment centres.

So far, the construction work of Villa Lantana is on track and it is due to be ready by fourth quarter of this year.

However, a large crowd gathered to view the development last week, and the interest is perhaps due to its pricing of Dh.3.2million to Dh.3.3million for a three-bedroom detached villa and Dh.3.05mn and Dh.3.1mn for a semi-detached villa.

According to Tecom, Villa Lantana has been designed to offer the kind of housing that people in Dubai actually needs.

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