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29 March 2024

Park Villas project launched Jumeirah Village Circle

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By Staff

Park Investments, a real estate investments company, on Wednesday launched Dh270 million Park Villas in Jumeirah Village Circle (JVC).

The residential development will comprise 93 four-bedroom (G+2) villas with a lift for each villa. The villa sizes range from 3168 square feet 3322 square  feet with an option for swimming pool. The entire project covers an area of over 365,000 square feet.

 “Dubai Property market is buoyant once again with healthy and promising returns. The regulations in place by the Government now make both the developer and investors very confident of the future growth prospects.

“Our team is now endeavoring to bring high quality affordable living to Dubai. We felt it was the best time to enter the Dubai real estate and catch up with the momentum”, said Parminder Singh Sehgal, Executive Chairman, Park Investments.

The developer is offering a payment scheme for purchasers where they pay 50 per cent until the completion and 50 per cent after handover with an option of easy interest free installments. The pre-launch price starts at Dh2.9 million.

Construction work on the project has already started and expected to be completed by first quarter of 2016.