All units at the Quartet Residential Towers, located in the prestigious Dubai Lagoon development, have been completely sold out.

The Quartet comprises four residential towers and a combined 423 studios and one and two-bedroom apartments. It was launched on December 5, 2007, in answer to the region’s high demand for affordable apartments.

This project is the final phase of the Dubai Lagoon project, and is expected to be completed by the end of 2009.

A unique payment plan was set up to attract potential buyers, and the 15 per cent deposit, with a 10 per cent installment after six months, with the remaining 75 per cent being paid in quarterly installments, certainly helped to persuade many prospective homeowners that the Quartet was an ideal investment, said an official spokesman.

This can be seen by the fact that the development was completely sold out a mere six weeks after its launch.

“The public’s response to this project has been overwhelming,” said vice-president of Schön Properties, the developers of Quartet, Asher Schön Hussain. “We would like to congratulate each of the new owners of these apartments on their purchase, and look forward to seeing them reap the rewards of their investments.”

Dubai Lagoon, one of the emirate’s premier residential developments projects, is a unique contemporary-styled residential apartment community, ideally situated a mere 10-minutes away from Maktoum International Airport, Dubai World Central and Dubai Land. – TradeArabia News Service