Dubai’s Jumeirah Village Circle features a new development project known as Park Villas unveiled by a UAE-based real estate investments company in UAE and part of a business conglomerate in Korea and the US.
Said to be its first project in Dubai, the investment company said that Park Villas project costs AED270 million or $73.5 million with a pre launch process at AED2.9 million or $789,545. The project covers a total area of more than 365,000 square feet.
The Construction of the villas has already started on a greenbelt within the Jumeirah Village Circle and is targeting a completion date in the first quarter of 2016. The 93 four bedroom villas ranges from 3,168 square feet to 3,322 square feet, each having a dedicated lift with a preference of having own swimming pool. The project owner will allow the buyers to pay 50% of the price until the completion and the remaining 50% after handover, offered at interest free payments.
Since Dubai Property market is optimistic with strong and promising returns, the regulations of the Government have now convinced the developers and investors to be confident and positive outlook of the future growth.