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Company's Silicon Oasis development to continue its successful affordable payment plan model
GGICO has announced the launch onto the market of its latest real estate project, Topaz Residences, located at Dubai's Silicon Oasis. The property development division, part of GGICO Conglomerate, aims to emulate the successful sell out recently of its previous real estate residential projects by continuing with its popular model of offering high quality housing available through affordable payment plans.
"Buying in Topaz Residences is a great opportunity for owner occupiers or investors - it ticks all the boxes for the purchase of property in Dubai," said Andrew Chambers, CEO of GGICO Properties. "A Topaz Residences property will provide owners with a good return on investment, a secure environment and of course the enjoyment of what will be the primary consideration for many, a high quality home surrounded by numerous premium facilities and amenities," he added.
Phase One of Topaz Residences is being launched at Silicon Oasis with one-bedroom apartments starting at AED 536,892. Each one features a fully equipped kitchen, with supplied appliances including a cooker, washing machine, fridge and microwave. The apartments are appointed with luxury fitted bathrooms and have a high degree of finishing, with solid wood doors and contemporary interior designs throughout. Premium communal facilities include swimming pool, a fully equipped gym with steam room and sauna.
GGICO Properties is offering its Phase One Topaz Residences' apartments with a 30/70 three-year payment plan, with the balance to be paid at 2% per month from completion, free of interest. The company says that purchasing in the development will offer significant capital growth because of the strength of Silicon Oasis as an robust and growing community and the planned extension to the Dubai Metro Green Line, which will see a new station servicing the community within the next five years.
"Silicon Oasis is already experiencing strong rental demand and delivering healthy yields - something that can only increase because of the planned extension to the Green Line. We have already witnessed the rise in property prices in the locations that the Metro serves and the opening up of a new station will increase the area's desirability even further. It will be a major contributor to the development becoming a highly sought after location to live. Another factor that will lead to the inevitable increase in prices of Silicon Oasis property is its location in the Expo2020 corridor. These elements place Topaz Residences property in a prime position to grow in value over the next five years," added Chambers.
As a prime development in what is a state-of-the-art technology park, Topaz Residences enjoys close proximity to the city and is 15 minutes away from Dubai International Airport and its business districts. Silicon Oasis has developed a reputation for being a family friendly community, with renowned educational establishments GEMS Wellington Academy, and International Indian High School situated there. The development is home to a wide range of amenities, including shops, restaurants, clinics and banks. Established brands that have a presence at Silicon Oasis include Spinneys supermarket, Marina Pharmacy and Premier Inn hotel.
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GGICO
Established in 1973, GGICO is a conglomerate with widely diversified activities in manufacturing, industrial, financing, insurance, retail, gourmet services, trading, transport, hospitality, real estate development and investment in shares and securities. With a vision to become one of the most valued companies in the UAE, GGICO places great emphasis on quality in every aspect of the group's various businesses. This focus stems from the belief that success is a journey, not a destination. With prudent expansion strategy and customer service GGICO is continuing on its journey of success.
GGICO Properties
GGICO Properties is a fresh breed of Dubai-based real estate service company. Led by industry veterans with extensive local and international market experience, GGICO Properties offers customers proven market knowledge and an established network. We invite you to visit our interactive showroom located on Sheikh Zayed Road to learn more about our project. The range of services GGICO Properties offers include:
• Sales and Marketing (project sales and secondary market)
• Investment agency
• Leasing of residential and commercial properties
© Press Release 2015
