Red­wood Park sells out

7 Days in Dubai - - BUSINESS -

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.

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