Emaar's Panorama project has begun welcoming its first residents, Emirates 24/7 reported.
The project is largely credited to have once again sparked the property buying frenzy among those looking to invest in the real estate sector in the city.
The project that comprises four buildings with 15 floors, offering customers a total of 224 apartments, has now seen residents move into the building.
According to real estate brokers, one-bedroom units in the project were offered by Emaar at around AED940 per sq ft during the launch whereas, today, the average price of the buildings is around AED1,922 per sq ft.