Deyaar launches three projects worth Dh700m

Dubai: Real estate developer Deyaar launched three new residential projects valued at Dh700 million at Dubai Silicon Oasis, the company said on Saturday.

The Coral, Jade and Ruby residences will be in close proximity of green parks, play area zones, exclusive shopping malls, restaurants and cafes, a community centre, and many academic institutions including Shaikh Zayed University. "We are committed to creating valuable opportunities for property investors in Dubai.

Through our new developments, we offer home buyers the unique proposition of moving into their affordable apartments within just over a year of booking, a rarity in Dubai's property market," said Saeed Al Qatami, Deyaar's managing director - UAE Business.

Construction is already underway and the projects are on track with delivery expected in June 2009. The main construction contract has been awarded to Saleh Construction, a top-tier contracting firm in the UAE.

Deyaar's projects at Dubai Silicon Oasis offer a choice of 464 units comprising one, two and three bedroom apartments, with the larger ones including a maid's room.

The new developments are targeted at the value conscious end-user segment. Accordingly, 80 per cent of the total purchase amount will be due only at the handover stage, thus relieving customers from the financial burden during the construction stage.

Finance options

Buyers can avail up to 90 per cent finance through leading banks in the UAE, including First Gulf Bank, Dubai Islamic Bank, Amlak, and Tamweel.

The residential undertakings offer state-of-the-art amenities consisting of a large open-to-sky leisure deck in the courtyard that comprises a swimming pool, garden and a barbeque area. In addition, they will contain a multi-purpose hall and health club, along with ample parking space and 24 hours security.

Located off Emirates Road, Coral, Jade and Ruby Residences are close to Dubailand