Mar 09 2009 |
more articles from
|
Victory Heights begins property handover
Monday, Mar 09, 2009
Gulf News
Dubai: Victory Heights, the Dh2.5 billion, 25 million square foot development in Dubai Sports City has begun handing over villas and townhouses to their owners.
The first batch of 30 villas was handed over two weeks ago. Between now and June, around 600 villas will be handed over, said Yasser Abdullah, general manager of Victory Heights. Facility management will be operated by a French company, Ecovert.
"Eventually the developer will have to hand over the issue of service charges over to the home Owner's Association who will decide the maintenance and services required," Abdullah said.
The development is centred around The Els Club Golf Course which has 18 holes and is designed to weave through the 965 villas and townhouses.
The entire development is extremely low density with properties only built on around 22 per cent of the land. The remaining 78 per cent is open space. There will also be the David Lloyd Next Generation Club and Tennis Academy within Victory Heights which will have 15 tennis courts, swimming pools and fitness facilities when complete which should be ready "no later" than the middle of 2010, according to Abdullah.
The townhouses are two and three-bedroom and the villas are four and five-bedroom. Around 85 per cent has been sold and around 120 properties remain unsold.
Officials at Victory Heights are aware that now may not be the best time to try and sell the remaining 120 properties and so the plan is to wait until the second half of 2009.
"The market is difficult and it's tough getting mortgages and financing so our focus now is on delivery of properties and continuing building the community and the finished product.
The second half of this year we will sell the remaining villas," Abdullah said.
© Gulf News 2009. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Comments By Our Users (1)
We have been assured by VH themselves that it is not possible for them to hand over 600 villas by June. Yet they insist on writing optimistic press releases about themselves. The development is now 17+ months late. Meanwhile most owners still have no idea when we will receive our homes. Honesty = credibility. Blatent dishonesty = no more private investment.
Post Your Reply
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment