Monday 30 March 2020

Majid Al Futtaim sells out 300 new Dubai townhomes

DUBAI, February 16, 2020

Majid Al Futtaim, a leading shopping malls and communities developer and a leisure pioneer in the region, has announced that around 300 three- and four-bedroom townhouses within its Tilal Al Ghaf community in Dubai have been sold out within just three weeks of its launch.

Spread over a 3-million-sq-m area at the junction of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street in Dubai, Tilal Al Ghaf is Majid Al Futtaim’s flagship mixed-use community in Dubai, providing a contemporary and luxurious resort-like living experience.

Launched late last month, the residences, called Elan, were the first to be released among the wider Dubai-based project, with buyers coming from the UAE as well as other GCC countries and internationally, said the statement from Majid Al Futtaim.

Elan represents the evolution of Majid Al Futtaim’s properties business in Dubai and is part of its flagship Tilal Al Ghaf community that neighbours the premium golf communities of Victory Heights and Jumeirah Golf Estates.

Elan’s competitively priced properties were sold at rates starting from Dh1.26 million ($342,979) for a three-bedroom townhouse and Dh1.53 million ($416,474) for a four-bedroom townhouse.

The first release was offered with a highly competitive six-year payment plan, with 40 per cent of the property value paid over three years post-completion and a 50 per cent waiver on Dubai Land Department (DLD) fees, it stated.

Majid Al Futtaim CEO (Communities) Hawazen Esber said: "We are thrilled to see that contemporary urban design combined with integrated public spaces and recreational amenities have prompted such an enthusiastic response from the market."

"From the very first days of launch, Elan attracted a great deal of interest to the development’s on-site Experience Centre as interested buyers came to discover our masterplan. This is a community that encourages residents to celebrate every day as if it’s a weekend, which is why such strong interest in Elan came as little surprise," he stated.

Esber pointed out that every element of Elan and the wider Tilal Al Ghaf community is aligned with Majid Al Futtaim’s approach to placemaking – a philosophy for creating authentic spaces that people can build emotional attachments to and a place to feel at home.

"The neighbourhood is ideal for families looking for a healthy, socially fulfilling lifestyle that helps them strike the perfect balance between work and leisure," he explained.

Esber said Majid Al Futtaim has a track record for creating pioneering residential, retail, hospitality, leisure, and entertainment destinations with people at the heart, and Elan is no different.

"That’s why we believe this development stands apart as best in class among all residential categories, and a place residents are proud to belong to," he added.

Tilal Al Ghaf’s centrepiece is the swimmable 70,000-sq-m Lagoon Al Ghaf, fringed by palm-lined white sandy beaches that accommodate a variety of water sports.

Elan’s wider amenities ensure residents have many outlets for personal wellbeing and social interactions. These comprise an outdoor cinema, three community centres, and numerous fitness facilities including a tennis court, jogging track, and indoor gym, said the developer.

Meanwhile, reflecting the wider community name and honouring local UAE heritage, indigenous ghaf trees have been planted to create tranquil trails within this highly walkable community, it added.-TradeArabia News Service


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