Published: Sep 28, 2014
Source: Khaleej Times


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DP releases more units on demand

Deliveries in residential, office, retail spaces 

Real estate developer, Dubai Properties, or DP, has issued a performance summary showing delivery of 36,000 residential units, 2.8million sqft of office space and over 1.2 million sqft of retail space to the market across key areas of Dubai.

The developer said that strong investor demand for new residential projects has pushed many of its new developments to sellout success and prompted the release of additional units in some projects.

From luxury waterfront apartments in the creek-side Manazel Al Khor and Dubai Wharf developments, to family villas in Mudon, ready-to-live apartments in Remraam and downtown living in Maram Residences, DP says it will continue to focus on the development of a growing portfolio of residential, mixed-use and hospitality projects to create opportunities for Dubai’s real estate investors and residents. DP attributes its recent performance and ongoing sales successes to the variety of property choices it offers consumers along with dedicated initiatives to improve the customer experience including competitive financial packages, early online sales registration, reducing response times to customer queries and transparent communication with investors.

Mohammed Al Habbai, chief officer for Urban Planning and Infrastructure at Dubai Properties Group, said: “From design and development to sales and handovers, DP’s has consistantly delivered projects that create real estate opportunities for Dubai’s end-users and investors.  Our recent market performance and new launches at Cityscape are both testament to the success of this approach, and we will continue to support Dubai’s growing real estate industry by launching new projects that provide strong investment opportunities across every sector.”

Following strong sales results for the two new projects launched at  the recent Cityscape Global event, Maram Residence overlooking the Burj Khalifa District with starting prices from Dh1.7million and Dubai Wharf, a mixed use development in Culture Village with residential prices starting from 1.1million, the Dubai developer now looks set for further growth.

Additionally, the developer looks set to pursue further hospitality projects, following a positive response from the market on news of its luxury hotel partnership with Anantara Hotel Resorts & Spa in the up and coming Culture Village district.

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