$816m Meydan project to be completed by 2017

19.01.2015
The project will offer freehold villas with prices starting at AED4,348,750 ($1,184,946).
Millennium Square, a first-of-its-kind semi-detached freehold luxury villa project in Meydan Dubai will be ready by 2017, Arabian Business reported.
The project, to be developed by G&Co at an estimated value of AED3 billion ($816 million), will offer freehold villas with prices starting at AED4,348,750 ($1,184,946), a statement said. 
The project will be handed over in the last quarter of 2017, according to the statement which added that off-plan villas will be sold on a 30/70 payment plan that allows the buyer to pay 30% in the first 12 months and 70% at the time of receiving the completed property.
Kalpesh Sampat, director of SPF Realty, which is selling the project, said: "We have received overwhelming response from investors for Millennium Square, a unique project in Meydan Dubai. "We are once again selling the product very well, as the city's real estate market continues to attract investors from around the world." He added: "This marquee community redefines elite living for those looking to live in glamorous, exclusive surroundings and enjoy breathtaking nature."

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management