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."