News Column

200 units at Remraan development have sold out

June 24, 2014

ArabianBusiness.com Staff



Dubai Properties (DP) has revealed that the 200 units launched at its Remraam development in Dubailand last month have sold out.

News of investor interest in the thriving community comes as the developer launches over 200 more ready-to-live residential units in the popular family development which boasts mature landscaping, shaded walkways, swimming pools, basketball and tennis courts.

The units, ranging from studios to three-bedroom apartments, will further deliver to the demand from investors and home buyers for competitively priced, conveniently-located housing options in Dubai.

In addition, DP, in cooperation with Dubai Islamic Bank, has released a special finance package of up to 80% for UAE Nationals and 75% for ex-pat residents with rates starting from 3.99% over 25 years.

Khalid Al Malik, Group CEO of DPG, said: "The continued investor interest in Remraam is testament to the demand from Dubai residents and seasoned investors for well located, easily accessible and competitively priced housing. The fact that these apartments are complete and available immediately is a great bonus for those using it as a first purchase or a family home and we expect to see similar demand for the additional units just released."

A new road which will connect Remraam with Motor City is currently underway and plans for a Geant Supermarket and community clubhouse are also progressing. On completion, the clubhouse will feature a gym, multi-purpose room and Remraam management and security offices.

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Source: Construction Week (United Arab Emirates)


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