Park Investments, a newly formed specialised real estate life cycle investments company in the UAE, has launched a Dh270 million ($73.5 million) exclusive villas project in Dubai.

The Park Villas project spans over a total area of 365,000 sq ft at Jumeirah Village Circle (JVC), a community development popular among investors due to its green landscaping, central position in the downtown and a family-friendly environment.

The residential development will comprise 93 four-bedroom villas with a personalised lift for each villa. Amenities at each villa will include spacious balconies and two covered car parks.

With its unique and sophisticated designs, Park Villas blends urban modern design with sense of traditional European architecture. The villa sizes range from 3,168 sq ft to 3,322 sq ft with an option for swimming pool.

One of the biggest draws for buyers of this project is its attractive payment scheme which allows purchasers to pay 50 per cent until the completion and 50 per cent after handover with an option of easy interest-free instalments, said Parminder Singh Sehgal, executive chairman, Park Investments, part of a leading multi-faceted business conglomerate in Korea and the US.

The pre-launch price starts at Dh2.9 million ($789,500), he added.

“Dubai Property market is buoyant once again with healthy and promising returns. The regulations in place by the Government now make both the developer and investors very confident of the future growth prospects,” said Singh.– TradeArabia News Service