Real Estate

The Remraam ... affordable Dubai housing.

The Remraam ... affordable Dubai housing.

In demand

Dubai Properties has sold all of its townhouses in Mudon

May 2015

Dubai Properties, a leading real estate developer, sold out all its four-bedroom townhouses in its upscale Mudon development in Dubailand, in the UAE, during its participation at the International Property Show 2015, which was held recently at the Dubai World Trade Centre.

Launched during the second half of 2014, the 120 units ranging from 3,786 to 3,800 sq ft in area, form part of Phase Two of the Mudon development.

The company intends to start handing over the townhouses in Phase Two to investors from the end of the year till 2016, says Abdulla Abushabieb, executive director sales and customer care at Dubai Properties.

“The response to the project is overwhelming and is a testament to our commitment to provide solutions that cater to the needs of end-users and investors who are looking for value-for-money properties in the emirate,” he says.

The first phase of the project comprising 398 units was completed last year and 200 units have already been handed over to investors with the remaining units set to be delivered shortly, according to Abushabieb.

The gated Mudon community is surrounded by beautifully landscaped neighbourhood parks with easy access to various modern amenities. Since its launch last year, Mudon has become one of Dubai Properties’ most sought-after projects and Dubai’s most popular residential communities.

In developing Mudon, Dubai Properties made sure that the upscale community will allow residents to lead a tranquil yet active and vibrant lifestyle. The company also tied up with Gems Education to open a Gems school within the community by September 2016.

Culture Village ... home to Dubai Wharf and Manazel Al Khor.

Culture Village ... home to Dubai Wharf and Manazel Al Khor.

The community also offers amenities that will include cycle routes, jogging paths, play areas, a swimming pool, and a gym. An attractive mix of retail outlets will also be available for the residents’ convenience.

Meanwhile, in Dubailand, Dubai Properties is also working on the 18-building expansion of the Remraam, which consists of 56 buildings with 3,170 studio, one-, two- and three-bedroom ready-to-move-in apartments.

“Remraam is a prime investment for locals and expats who are looking for convenient and affordable housing in Dubai,” says Abushabieb.

Dubai Properties has a series of other projects under development including Dubai Wharf and Manazel Al Khor.

Dubai Wharf, located in the Culture Village development in Jaddaf, is a contemporary Arabesque town on the waterfront. The Dh700-million ($190.6 million) multi-storey mixed-use development comprises four buildings sharing a podium and features 509 one-, two- and three-bedroom apartments.

ECC has started construction work on the project and the first building with 124 units has been released for sale. The project is expected to be handed over by mid-2017.

Manazel Al Khor is a mixed-use development being created to address the growing demand for apartment spaces at prime locations within the city.

“Manazil Al Khor is located in Culture Village on the main canal of Dubai. Last year, we released three- and four-bedroom units, while this year we will launch one- and two-bedroom units. Construction work has started and is almost 25 per cent complete. Handover is scheduled for the third quarter of 2016,” he says.

Dubai Properties’ competitive edge is its unique residential and mixed-use developments in Dubai. Its portfolio of modern properties also includes the Jumeirah Beach Residence, The Villa, Layan in Dubailand, as well as The Executives Towers, Vision Tower and Bay Square in Business Bay.

More Stories