Jan 21 2013
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Emaar sets 15% down payment for The Address Residence Fountain Views
April 2016 set as completion date for Downtown Dubai project
The project will be launched on January 26.
Although no price details have been shared by company officials at its registered agents meeting, the developer did disclose payment terms for buyers.
Under the payment terms, buyers will have to make a down payment of 15 per cent at the time of booking, followed by 10 per cent on June 30, 2013; 15 per cent in January 2014; 10 per cent each in April and October 2014 and January 2015; 15 per cent in September 2015 and final 15 per cent on April 30, 2016 (completion date).
According to the Emaar presentation, the top six storeys of the over 220-meter-high tower will be penthouse units with rooftop gardens.
Residents will enjoy amenities such as fully equipped health club and a rooftop recreation deck complete with landscaped amenities and water features.
The developer announced in November 2012 that it will be launching new luxury homes and serviced residences in Downtown Dubai and commence expansion of the Dubai Mall by building a new high-street boulevard style retail destination.
Earlier in September,
launched 72-storey The Address The BVLD hotel and serviced apartment tower, which includes 200 hotel rooms and 523 serviced residences.
The tower is scheduled for completion in 2015.
© Emirates 24|7 2013
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