Deyaar has completed the sale of its Dh700 million ($190.57m) projects at Dubai Silicon Oasis (DSO) on the very first day of the launch.

Launched last week, apartments at Coral, Jade and Ruby Residences were in great demand with the investors who had started queuing outside the Deyaar sales centre from the early hours of the morning, the company said in a statement.

In addition to the spectacular investor response that usually marks Deyaar’s launches, customers were attracted to the proposition of Deyaar’s hand over of the projects in 14 months, that is, June 2009, it added.

“Even as overall demand continues to surge for Deyaar-developed properties, our recent launches have witnessed a significantly greater response from the end user segment, disproving the perception that most buying activity is speculative in nature.  This was evident at the launch of Coral, Jade and Ruby. Easy finance options offered in conjunction with banks, also enabled us to reach out to a wider section of end-users,” said Deyaar managing director for UAE business Saeed Al Qatami.

He said the project’s high investment potential, advantageous location, spacious units and community-centric design enhanced its appeal to both investors and end-users alike.

Sales were also driven by other factors such as the superior quality of construction, an assured delivery commitment and easy finance options for Deyaar projects, he added.

“In addition to the merits of Deyaar’s properties, every project launch by the company is an illustration of systematic, transparent and efficient sales management,” said Mohammed Qusai Al Ghussein, a second time investor in Deyaar properties.

Al Ghussein said the high demand for Deyaar’s properties in the secondary market and its impeccable record of meeting customer expectations renders it attractive to investors and end-users.

Located within Dubai Silicon Oasis, Coral, Jade and Ruby Residences seek to meet the needs of the value conscious end-user segment. The three projects will be in close proximity of green parks, play area zones, exclusive shopping malls, restaurants and cafes, a community centre, and many academic institutions including Sheikh Zayed University. 

The projects offer a choice of 464 units comprising spacious one, two and three bedroom apartments. Conveniently located off Emirates Road, Coral, Jade and Ruby Residences are positioned in close proximity to Dubailand, Dubai Outsource Zone, Dubai’s key business districts and are also well connected to the existing and upcoming airports. The area will be serviced by the Dubai Metro in the second phase. – TradeArabia News Services