Deyaar’s new projects sold out on launch day


Deyaar Development yesterday announced the complete sell out of its projects at Dubai Silicon Oasis (DSO) on launch day.

“Apartments at Coral, Jade and Ruby Residences were in great demand with investors who had started queuing outside the Deyaar sales centre from the early hours of the morning.

“In addition to the spectacular investor response that usually marks Deyaar’s launches, customers were attracted to the proposition of Deyaar’s hand over of the projects in 14 months,” the company said in a statement.

Saeed Al Qatami, Managing Director, UAE Business, Deyaar, said: “Even as overall demand continues to surge for Deyaar-developed properties, our recent launches have witnessed a significantly greater response from the end user segment, disproving the perception that most buying activity is speculative in nature. This was evident at the launch of Coral, Jade and Ruby. Easy finance options offered in conjunction with banks, also enabled us to reach out to a wider section of end-users.”

The project’s high investment potential, advantageous location, spacious units and community-centric design enhanced its appeal to both investors and end-users alike.

Apart from this, sales were also driven by other factors such as the superior quality of construction, an assured delivery commitment and easy finance options for Deyaar projects.

The projects offer a choice of 464 units comprising of spacious one, two and three bedroom apartments.

Conveniently located off Emirates Road, Coral, Jade and Ruby Residences are positioned in close proximity to Dubailand, Dubai Outsource Zone, Dubai’s key business districts and are also well connected to the existing and upcoming airports. The area will be serviced by the Dubai Metro in the second phase.

Deyaar Development, one of the fastest growing real estate companies in the region, currently manages over 16,000 commercial and residential properties.