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SPF Realty sees Dubai project success

Dubai, March 11, 2014

SPF Realty, a leading real estate company in the UAE, has conducted a first-of-its-kind sales and purchase agreement (SPA) signing meet for investors of the Grand Views at Millennium Estates project in Dubai.

Developed by Meydan City sub-developer G&Co, the project consists of a total 476 luxurious properties - 304 townhouses, 172 villas and eight mansions, said a statement from SPF Realty.

This bespoke community is the place that redefines luxury living, it added.

The SPF pointed out that the off-plan agreement signing between buyers and the developer was happening within a record time of two months after the project announcement.

SPF Realty had signed a contract with G&Co in December last year to market properties of the new luxurious residential project -- Grand Views development at Millennium Estates located within Dubai’s prestigious lifestyle, business and sports hub Meydan City Community.

Grand Views offers spectacular views of the grand stand, where Dubai World Cup - the most prestigious and richest horse racing event in the world, attracts the most discerning enthusiasts worldwide.

SPF Realty said it has successfully sold out the first and second phases of the Grand Views project. The third phase of sales at the Grand Views is live now, having very limited properties available for potential buyers.

The two-day long SPA signing event, held at the Falcon Suite of The Meydan Hotel-Dubai on March 3 and 4, aimed at providing the investors with a set of after-the-sales services and taking them for a tour at the project site.

Speaking on the sidelines of the meet, Kalpesh Sampat, the director of SPF Realty, said, "It gives us great pride to be a part of this luxury project, which is valued at Dh2.7 billion ($735 million). We had in place effective strategies for the sale and management of this luxury property project."

"The Grand Views at Millennium Estates offered the lowest pricing in the Meydan Community, starting at Dhs 1275/- per Sq.ft., for the prosperous investors. We sold out the entire townhouses in 50 days, and a very few villas are currently available for sale,” he added.
    
According to Sampat, the project mainly targets property-seekers who look forward to live in glamorous and exclusive surroundings to enjoy breathtaking nature.

"Grand Views at Millennium Estates encapsulates a harmonious blend of distinctive lifestyle with lavish homes and wide-open spaces effortlessly interwoven to form a seamless world of existence," he added.

On the payment terms, Sampat said the company has readied a new plan to provide the best security and convenience to the investors.

"When an investor books a property at Grand Views at Millennium Estates, he/she pays 10 per cent of the property value on booking, 10 per cent after four months of booking, 10 per cent after eight months, five per cent after 12 months, and the balance 65 per cent only on completion of the booked property. The initial 35 per cent payment goes into an Escrow account, thereby guaranteeing the safety of the investors’ money," he added.

Grand Views at Millennium Estates is the city's newest community of luxurious townhouses and villas located in Meydan -- one of the world's largest and most luxurious integrated racing, business and lifestyle hubs.-TradeArabia News Service




Tags: Construction | Dubai |

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