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A business meeting hosted by Dubai District One, MBR City authorities and attended by IMEX Real Estate — one of the Dubai leading brokerage companies — was set to create fruitful collaboration in meeting the needs of investors and property buyers in Dubai.
During the business breakfast IMEX Real Estate CEO Oleg Lavrik and its Senior Sales Manager Olga Gordivskaya met with Olga Shcherbich, Senior Executive in Brokerage Management at District One Mohammed Bin Rashid City, and her deputy, Assistant Sales Manager Noor Shah to discuss common steps in attracting investors and potential buyers to exclusive housing investment opportunities in this world-class community.
The project with a total value of USD5.7 billion, Disctrict 1 is one of the largest villas and apartments communities with the lowest population density, due to which, in particular, this area is gradually becoming one of the most popular in the emirate.
It is conveniently located a few minutes from Downtown Dubai, and has a number of lucrative facilities such as a 7 km long artificial lagoon with crystal blue water, a 14 km walking promenade, 8.4 km cycling and jogging tracks, spacious parks and breathtaking architecture.
Also the world's next tallest residential tower will be also constructed nearby, with the highest observation deck, the longest indoor ski slope and the largest dancing fountain, as well as the huge Meydan One Mall.
A flexible payment plan offers up to 80 per cent financing for finished and under construction residential units. Various payment options are available to potential buyers and real estate investors in the area. A refinancing option is also available. With a fairly low interest rate of 3.74 per cent, a wide range of financial solutions and schemes are offered to buyers with housing purchase in District One.
“We have already built more than 300 villas here, and are very pleased with the interest potential home buyers and investors have shown to our project so far. We strive to provide the largest possible number of people with an opportunity to choose a decent life in the Mohammed Bin Rashid City District One,” the developer’s representative Noor Shah told Oleg Lavrik.
Official sales data for the area over the past year confirm Mr. Shah’s words. Interested investors concluded 1,262 real estate transactions in the area worth a total of USD 571 million in the first half of last year alone, according to the Dubai Land Department. And today, sales are gradually increasing, in proportion to the increasing number of finished villas, apartments and mansions in the community.
According to Olga Shcherbich, real estate buyers in District One can choose from three types of villa design: Mediterranean, Arabic or Modern style. But even more interesting solutions and high return on investment are offered for the furnished apartments in the D1 Residences building. By the time of full delivery the whole size of this area will reach 538,000 sq ft, and 60% of this territory will be green spaces.
The Disrict One project is being implementing by Meydan Sobha, a joint venture between Meydan Group LLC and Sobha Developers Ltd. It will be completed in four stages in about seven years.
IMEX Real Estate representatives had a chance to personally assess the future luxurious amenities and facilities in the area. After visiting demonstration and ready-made residential units, Oleg Lavrik noted the impeccable quality, thoughtful design and comfortable layout of the apartments, which are not accidentally attracting great interest from investors.
“Apartments in District One, in my opinion, are different from many other similar housing in Dubai, with its reasonable functionality and chic aesthetics. They will surely provide customers with a decent premium class standard of living due to their refined elegance and individual touch future owners will have an opportunity to add into. Simplicity, sophistication and, most importantly, well-designed and convenient payment plan are the main pillars of the project, ”said Oleg Lavrik.
In addition, the Head of IMEX Real Estate, a company with ten years of experience in investment in Dubai real estate, has emphasized on a special offer that will obviously appeal to villa buyers. Now the developer offers a 2 per cent discount on the DLD registration fee (4% of the unit’s cost), as well as 2 years without any service charges and full furnishing provided for these units.
A one-bedroom 750 sq ft apartment here is offered now for as low as USD 326,000, and a spacious 1187 sq ft two-bedroom apartment can be purchased for USD 530,000.
At the same time, the payment plan provides only 10 per cent of the total coast as an advance payment upon purchase, with another 40 per cent paid during construction and the remaining 50 per cent of the cost paid upon completion of the project.
To know more about the conditions for buying apartments and villas in the District 1 MBR City community, please, don’t hesitate to contact IMEX Real Esate. Our contacts:
Tel. in Dubai, UAE: +971(50)2528188 (Whatsapp, Viber, Telegram)
IMEX REAL ESTATE BROKER LLC
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE
Email: pm@IMEXre.com
Skype: resident69
