New Downtown Dubai project: Prices @ Dh1,800 psf
Project completion by December 2016
Elite Downtown is located next to Emaar’s Southridge cluster. (Supplied)
A Dubai-based private developer will be launching a new residential
tower in Downtown Dubai and will sell units starting at Dh1,800 per
square feet, Emirates 24|7 can reveal.
Now a Privileged Selection of customers will have the opportunity to
own luxury homes within the 'Elite Downtown Residence' the newest
masterpiece in Downtown Dubai.
The homes will be with premium finishes and luxurious amenities, the
Elite Downtown Residences homes in the center of Dubai will be a
24-storey tower, which also features a five star premium pool and
gymnasium and numerous other facilities.
“We will soon be
launching Elite Downtown Residences, which we plan to deliver it in
December 2016,” .
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A View On Dancing Fountain
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Elite Downtown Bay View
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Elite Stylish Design
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Elite Lobby
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Elite Tower Plot Location
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UNIT PRICES
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Elite Private Gym
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Elite Privately Designed
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Exquisite Living Space
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Elite DTR Location Map
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3 years payment plan
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In the past 18 months,
Emaar Properties, Dubai’s largest developer, has launched series of
projects The Address The Blvd, The Address Residence Fountain Views
and Burj Vista in Downtown Dubai.
Damac Properties, a private
developer, is the only other developer to have launched projects in the
500-acre master community, which has a development value of $20
billion.
Currently, off-plan properties in Emaar projects are
selling between Dh2,400 and Dh3,500 per square foot in the secondary
market. Prices, however, vary with the view and floor of the tower.
“We are not putting any clauses to ban speculators. People can buy and sell,” Beg added.
Emaar has already banned local real estate from selling any off plan
property, bought in their own name, till completion. Investors have to
make 40 per cent payment to sell in the secondary market.
The
tower is located next to Emaar’s Southridge cluster and is being built
by Triplanet Range Investments Ltd, which is a joint venture between
Triplanet International and Range Investments. It will house nearly 200
furnished apartments.
Knight Frank’s Prime Global Forecast
report has revealed that Dubai will top of the list of global cities
that will witness double-digit price growth in 2014. It expects 10 to 15
per cent increase in prices.
The developer has already
launched seven projects in Dubai Sports City of which five have been
delivered and two in handover stage.
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http://www.emirates247.com/property/new-downtown-dubai-project-prices-dh1-800-psf-2014-01-08-1.533878
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