The online registration for Emaar Properties’ new project Burj Vista in Downtown Dubai closed in about 30 minutes, registered company brokers told Emirates 24|7.
“Yes, we did manage to register online, but it closed in 30 minutes. Since the registrations were online, we will hopefully not see people queuing up like before,” an Emaar registered agent said on conditions of anonymity.
Another registered agent said: “We had our people ready to log on to the website at 9am. We did register but at around 9.30am, we got the following message: Thank you for your interest in our online registration for Burj Vista. We regret to inform you that the registration is now closed.”
He added: “Emaar does not release all its stock on the launch date. It does hold back a substantial portion that it releases in phases. For now, on the launch date, we are not sure of the number of units being released or their prices.”
Market sources believe Emaar will look to sell the units just below the rates at which it sold the serviced apartments since demand for apartment in Downtown Dubai have increased significantly.
Emaar had announced launch of two towers, comprising 640 apartments, in Downtown Dubai on Monday.
Located on Mohammed Bin Rashid Boulevard, Burj Vista consists of two identically designed towers, one 20 storey high and the other at 65 storey, with 120 and 520 luxury apartments, respectively.
Other amenities include a fully-equipped gymnasium, children’s play areas, multimedia hall, business centre, play room, lounge areas, swimming pool and kid’s pool, badminton and half a basketball court, relaxing reading areas and lushly landscaped areas.
All the projects - Mira townhouses in Reem; The Address The BLVD; The Address Residence Fountain Views and The Address Residence Sky View in Downtown Dubai - Emaar said have recorded overwhelming response.