Redwood Park sells out
Jumeirah Golf Estates has announced that the first phase of the Redwood Park Development has sold out. The news comes after it was announced that the first phase was almost 70 per cent completed. Abdulaziz Bukhatir, Executive Director - Corporate Services at Jumeirah Golf Estates, said: “Ahead of the on-schedule H2 2016 handover, we have witnessed a surge in interest in Redwood Park among both investors and end-users seeking properties which offer competitive rental yields and capital appreciation, within an award-winning community. “We are pushing ahead with our fast-paced development and we are driving strategic sales efforts to leverage global real estate investors’ interest in Dubai. “The fact that Phase 1 of Redwood Park has now completely sold out is proof of our appeal for residents and local, as well as international, investors. “For example, we are seeing real potential to market Jumeirah Golf Estates to investors in China and India.” The community was designed to answer a growing number of families and young professionals seeking more affordable property options, with prices starting from Dhs2,510,000. The project is inspired by the Tuscan countryside.