By Lucy Barnard www.thenational.ae
Cranes are set to start sprouting up in the shadows of Burj Khalifa as Damac, Emaar and other developers rush ahead with a spate of property marketing launches.
Yesterday Emaar announced it would start online registration for the 120 flats in its 20-storey Burj Vista II tower on Mohammed bin Rashid Boulevard, close to the world’s tallest tower.
The previous day Damac announced the sales launch of 220 apartments in its nearby 22-storey Bay’s Edge tower.
The two schemes are just the latest in a series of property launches in the area as the developers hope to capitalise on rocketing property prices and a view of the world’s tallest tower.
An analysis of sales launches by The National shows that the two developers have brought at least 3,829 flats and serviced apartments to the market in the area over the past 12 months.
These include 520 apartments in Emaar’s 65-storey Burj Vista I scheme that went on sale in April, and Damac’s high-profile launch of 1,400 flats and 200 serviced residences at Damac Towers by Paramount in March. More info