Ellington Group launches new Belgravia 2 project in Dubai’s JVC

27.02.2017

After successful sales of Belgravia project’s first phase units, developer puts more apartments on sale in Jumeirah Village Circle.

It is no secret that high quality off plan Dubai properties with favorable payment plans are snapped up really quickly. Last week it happened to a townhouse complex in Jumeirah Golf Estates, where all homes offered for sale were sold out in a couple of hours. And now it is possible that Belgravia 2 apartments in Dubai’s Jumeirah Village Circle is going to duplicate the success of this neighboring community.

Last week, Ellington Group, a subsidiary of Dubai’s master developer Emaar and the developer behind the project, announced that all off-plan apartments of the first phase of the Belgravia project were already sold out. After that, 181 more new apartments of the Belgravia second phase were brought to the market.

Among apartments offered for sale, there are different options varying from studios to spacious three-beds and ranging between 617 and 2500 square feet in a building complete with as a large swimming pool, children's play area and recreation zone. But the key advantage of Belgravia 2 is its extremely favorable location highly attractive for home buyers. JVC neighborhood encircled by Al Khail Road from one side and having access to the Emirates Highway from the other side boasts ultra-convenient connectivity making it easy to get to all major Dubai attractions in a couple of minutes. And the community provides an access to all necessary infrastructure units like supermarkets, pharmacies, kid’s playgrounds, parks and schools.

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Payment plan for off-plan properties in Belgravia 2 also gives buyers enough space for decision. The buyer can pay just 15 per cent of the preferred property value as an installment at the time of booking, and provide an additional 5 per cent tranche within 120 days after the reservation. Further installments are divided into six 5 per cent payments tied to certain milestones in construction, while the final step requires you to pay the rest 50 per cent of the housing cost upon completion.

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