By Parag Deulgaonkar www.emirates247.com
For the first time this year, Dubai investors will not be first to get a chance to buy in to Emaar Properties’ new project.
Dubai’s largest developer will be launching The Address Residence Sky View II in Downtown Dubai on May 18, but the actual launch will take place simultaneously in three cities: London, Doha and Riyadh.
The developer will only be selling properties to individuals who are locals or residents of the above three countries.
Continuing with its tradition, Emaar has not disclosed the number of units being sold or their prices, informed sources said.
In March, Emirates 24|7 reported the developer had sold units in The Address Residence Sky View I at an average price of Dh2,600 per square feet with all units in the project, released at the launch, being sold.
The developer had then launched Sky View I in Dubai and Riyadh.
Construction of The Address Residence Sky View, a 50-storey hotel, residence and serviced apartment twin-tower complex, in Downtown Dubai will commence in August this year with completion slated for August 2016.
In a presentation given to its registered agents, Emaar said handover of the towers would commence in December 2016. More info