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Company has revealed a new competitive payment plan for UAE Nationals
New 80 per cent financing facility for Shamal Terraces
Remaining few ready-to-move units at Shamal Terraces are available for buyers on first-come-first-serve basis
Sales launch of phase two of the Shamal Terraces and Shamal Residences
DUBAI: ( United Arab Emirates )-- While announcing sales updates of Shamal Community, Lootah Real Estate Development, a Dubai based high-end developer, revealed a new competitive payment plan for UAE Nationals and expatriate-friendly plan for remaining few units of Shamal Terraces and for the next phase of Shamal Terraces and Residences.
The company, through the press statement, has announced sales launch of phase-two of the Shamal Terraces and Shamal Residences, located at Jumeirah Village Circle. To facilitate buyers, staying ahead of the competition and to be on time for future projects, the new mortgage facility of up to 80 per cent financing has been introduced.
Phase one of the Shamal Terraces included 30 villas. Shamal Residences includes 204 studio and 55 loft apartments. The Shamal villas have a total built up area of 4,481 to 6,362 square feet, whilst Shamal Residences studios range between 516 and 835 sq ft. The overall build up area of the Shamal Community development spans over 147,000 square feet.
Following the high investor response to a Dh350 million ($95 million) Shamal Community, the sale of first phase of the development is coming to an end. Only a few ready to move villas are available for buyers on first-come-first-serve basis.
Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, commented:
"We are delighted to witness the success of phase one of Shamal Community, which owes largely to our viable sales strategy suited to a variety of investors, ideal location of Shamal Community at Jumeirah Village Circle close to the centre of Dubai's business districts, and the longstanding reputation of Lootah Real Estate." He added: "an estimated 40 per cent bookings of Shamal apartments, villas and lofts soon after the launch is a testament to our quality lifestyle offerings in our brand new neighbourhood community."
"We are elated by our investors and individual and bulk buyers, which demonstrates that investors do not compromise on quality lifestyle and hence choose projects, such as Shamal Community, that are offered by established and well reputed developers." said Saleh Lootah.
The Lootah Real Estate Development officials have announced a special competitive payment plan for UAE nationals. The company has arranged a demo villa for viewing at Shamal Community, JVC. The completion of Shamal Residences apartments is scheduled in 2016. All lofts have already been sold out. Only few studios are available for sale.
Each apartment at Shamal Residences is featured with high ceilings, large glass sliding doors, spacious living areas, expansive terraces, attached bathrooms, modern kitchen, swimming pool, a fully equipped gymnasium, a sauna, car garage, round the clock maintenance and security for the whole Shamal Community.
Last year, the press and sales launch concluded with four agreements with the most professional and reputed real estate brokers. Individual, wholesale buyers and agents had a close look of the mockup, maps and mosaic of properties on display with an aim to have for their customers and families a line of attractive residential property options at Shamal Community development. Partnering brokers were of the view that tie up with the Lootahs was worth it due to Lootahs longstanding and pioneering position in the property market of Dubai in particular, and of UAE in general. In future, Lootah Real Estate Development is planning to develop more neighbourhood communities in Dubai.
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About Lootah Real Estate Development (LRED):
Since the inception of a well respected and an established Lootah Group five decades ago, Lootah Real Estate Development has acted as the pioneering real estate development arm of the Group. Through a culture of excellence and an unswerving commitment to provide the very highest standards of housing, Lootah Group's 6,000+ employees have not only achieved, but exceeded, the most ambitious goals. Over 1,000 units have been delivered to highly satisfied occupants in Ewan Residences, another property located in the Dubai Investment Park, with many more developments are planned for the future.
The Ewan Residences in Dubai Investment Park (DIP), developed by the Lootah Real Estate Development, was a huge success; Ewan Residences comprises 79 buildings with up to 12 apartments in each block. The apartment blocks have been designed in a unique manner to make them affordable to small, medium and large occupants companies and residence in Dubai. Ewan Residences is a secure, gated community with beautifully landscaped gardens, a state-of-the-art recreation centre, swimming pools, jogging tracks, and community facilities that include play areas for children throughout the complex. www.lootahdev.com
© Press Release 2015
