New payment option for DSC home-buyers
Dubai, February 14, 2013
Silver Heights, the sales arm of Orion Holding, has launched an attractive programme for buyers in Olympic Park, a real-estate project it is marketing in Dubai Sports City.
The program offers buyers to move into apartments by just paying 38 per cent of the price, and pay the balance in installments spread over three years, according to Samir Munshi, managing director of Silver Heights.
He said factors like affordability, thin traffic, highway location, modern amenities and global sport academies have made Dubai Sports City a favourite destination for people working in Tecom and Jebel Ali Free Zone areas.
He added: “Less than a decade ago employees working in Jebel Ali area had a tough time finding an apartment in the vicinity. The only option was The Gardens which had a long waiting list. Today, so many projects have come up, and of these Dubai Sports City is one of best from every angle.”
Munshi said easy connectivity between Dubai Sports City and Tecom and Jebel Ali areas, supported by low-cost rentals and ownership options have made Dubai Sports City a preferred destination for employees whose salaries range between Dh5000 and Dh45,000.
Spread over 50 million sq ft within the Dubai Land Development, Dubai Sports City is hub of Dubai’s sport activities. It has a world class 25,000-seat Cricket Stadium – also called The Ring of Fire, 60,000-seat multi-purpose outdoor stadium for rugby, soccer and track and field events, a 10,000-seat multi-purpose indoor arena for hard court games, ice hockey, concerts and other events, and a field hockey stadium for 5,000 spectators. Global Village, the center of Dubai Shopping Festival, is just 10 minutes from it.
Munshi added: “Apart from its sporting attractions, the area has world-class residential projects, community centers, banks, restaurants and international schools. Many residential projects in the area have seen a rapid increase in demand due to its strategic location.”
Completed projects in Dubai Sports City have seen occupancy rate of over 80 per cent, according to Silver Heights which is managing Olympic Park cluster, a major project in the city.
Munshi said: “Olympic Park is a set of low-rise buildings that sit at the heart of Dubai Sports City, ideally located overlooking the beautiful green expanse of the Ernie Els Championship Golf Course, The Dunes. Olympic Park residents will have access to excellent private amenities, including a rooftop pool, terrace and fully-equipped modern gymnasium.” – TradeArabia News Service
More Construction & Real Estate Stories
- Bahrain mulls disabled-friendly buildings
- Damac launches waterfront luxury project
- Ebrahim Kanoo buys key plots at Manara project
- Arabtec wins $108m Saudi hospital contract
- Bahrain awards $16m road projects
- UAE office fitouts shifting to modular layouts
- Bahrain set to revamp fish market
- Bahrain issues 4,402 building permits in 5 months
- BIME awarded key Saudi contract
- Sabic unveils green plastics for construction