17 June 2009
ETA Star Property Developers, a part of the ETA Ascon & Star Group, yesterday said it has started handing over units in its Liberty House project in Dubai International Financial Centre, and will not lower sale prices for its remaining unsold units.
"The handing over of the keys to the owners will be completed in a month's time. We have already handed over keys to 60 per cent of the owners," the firm's official told Emirates Business.
The 42-storey tower consists of 140 office space and 220 apartments including studios, one-bedroom, two-bedroom, one-bedroom duplex and two-bedroom duplex. There are ten floors of offices and twenty floors of residential, with six levels of car parking. According to the spokesperson, only eight to 10 two-bedroom apartments are remaining to be sold and the developer has no plans to reduce the prices on it.
"We are selling at Dh1,950 per square feet now. There has been a slight correction in prices, but not a significant one as the property is located in a prime location."
The developer through its leasing arm, Ascon Real Estate, will be assisting owners to lease their properties.
A studio apartment is likely to be rented for Dh60,000 to Dh75,000 per annum while one-bedroom will be rented out for Dh100,000 to Dh110,000 per annum.
ETA will be handing over 1,600 units by the end of the year, with Al Manara in Business Bay and Goldcrest Executive and Goldcrest View 2 in Jumeirah Lake Towers in the third quarter of this year and Grandeur Residences on The Palm Jumeirah and Crescent in International Media Production Zone in the fourth quarter.
ETA Star Property Developers, a part of the ETA Ascon & Star Group, yesterday said it has started handing over units in its Liberty House project in Dubai International Financial Centre, and will not lower sale prices for its remaining unsold units.
"The handing over of the keys to the owners will be completed in a month's time. We have already handed over keys to 60 per cent of the owners," the firm's official told Emirates Business.
The 42-storey tower consists of 140 office space and 220 apartments including studios, one-bedroom, two-bedroom, one-bedroom duplex and two-bedroom duplex. There are ten floors of offices and twenty floors of residential, with six levels of car parking. According to the spokesperson, only eight to 10 two-bedroom apartments are remaining to be sold and the developer has no plans to reduce the prices on it.
"We are selling at Dh1,950 per square feet now. There has been a slight correction in prices, but not a significant one as the property is located in a prime location."
The developer through its leasing arm, Ascon Real Estate, will be assisting owners to lease their properties.
A studio apartment is likely to be rented for Dh60,000 to Dh75,000 per annum while one-bedroom will be rented out for Dh100,000 to Dh110,000 per annum.
ETA will be handing over 1,600 units by the end of the year, with Al Manara in Business Bay and Goldcrest Executive and Goldcrest View 2 in Jumeirah Lake Towers in the third quarter of this year and Grandeur Residences on The Palm Jumeirah and Crescent in International Media Production Zone in the fourth quarter.
By Staff Writer
© Emirates Business 24/7 2009
