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Dubai $114m freehold property in big demand

Dubai, December 19, 2013

A Dh420 million ($114 million) commercial freehold property in Deira was more than 70 per cent sold out on the very first day of the sales launch, seeing a huge response from Dubai’s small and medium enterprises, said the developer.

The Centurion Star Tower was launched recently in a joint venture of global developer Royal Star International, and Centurion Residence Limited, part of Centurion Group of Companies.

Bookings will be open till December 22 at the project site in Deira. The units are being sold for Dh1,700 per sq ft and the office sizes start from 800 sq ft to 1500 sq ft Finance facility on this project is provided by Mashreq Bank.

The office business centre is spread across two twin mirror image buildings, with a total built up area of 492,000 sq ft. This 12 storey office building will have freehold retail spaces and offers magnificent views of the creek and Dubai Creek Golf and Yacht Club, a statement said.

“We have received tremendous response from investors in Dubai and overseas and many of them were from the SME sector,” said Hamzah Abu Zannad, director of Operations, Royal Star International.

“There is a huge demand for our project due to the prime location and close proximity to all modes of public transport. We are delighted to see the way we are getting responses from the SME sector. I am sure that our state-of-the-art designs with all the amenities will create the much needed impact among the business community.”

Centurion Star Tower has 168 offices, 22 shops, rooftop pool with sunbathing decks, 4 gymnasiums, 2 sauna and 2 steam rooms, male and female prayer areas among other amenities and 375 parking bays for owners and their visitors.

More than 40 per cent of the land plot has been dedicated to public landscaping, greenery and fountains adding to the beauty of the building and the entire neighbourhood. In the congested and bustling area of Deira, the building’s private drop off and valet area offers great convenience, and swift accessibility. – TradeArabia News Service




Tags: Dubai | Deira | freehold property |

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