Dubai’s Emaar Properties has for the first time exclusively reserved units for government employee in its new master development Mira at Reem, according to the company website.
The developer states that “government employees” can register their interest for Mira at Reem from Tuesday (April 30) from 10 am.
There is, however, no mention of the number of units reserved for the government staff or the prices at which these units will be sold.
The reservation comes after 188 units in Mira were sold out on the launch date with the developer having to release more units to appease investors on the same day. Though only a few units in the community were sold for below Dh1 million, prices were exceptionally lower than Arabian Ranches, a neighboring upscale community.
“Emaar does reserve units to its VIP customer and holds a sale event for VIP ahead of the general launch. This is for the first time, we hear of the company reserving units for government employees,” an Emaar registered property agent told Emirates 24/7 on conditions of anonymity.
Emirates 24/7 reported earlier buyers had started to flip units in the townhouse development, seeking premiums of 12 to 20 per cent regardless of an 18-month lock-in period.
Emaar website states Mira is home to bright, spacious Mediterranean-influenced townhomes with the exclusive gated community offering every possible amenity of a 360-degree discerning urban lifestyle.
The amenities in the community include a shopping avenue, Go Kart, cricket pitch, football field, dune park, desert park, schools, mosques and water park.
The following documents will be required to register: primary customer’s employee ID card, primary customer’s passport copy, joint owner’s passport copy, contact address for the primary customer and joint owner (it will be printed on the sales documentation) and contact number of the purchasers.
Last week, Dubai Properties Group, the real estate arm of Dubai Holding, announced it had reserved 200 townhouses at Mudon project for Emirati buyers.
Prices for the four-bedroom villas, which come complete with maid's room and a courtyard garden, will start from Dh2.5 million.
Group CEO Khalid Al Malik said: “This decision will provide Emirati nationals with an opportunity to invest in property within the UAE by purchasing a home in an up and coming community in Dubai."