GGICO, a diversified conglomerate, has launched its latest real estate project located at Dubai’s Silicon Oasis, continuing with its popular model of offering high quality housing through affordable payment plans.

“Buying in Topaz Residences is a great opportunity for owner occupiers or investors - it ticks all the boxes for the purchase of property in Dubai,” said Andrew Chambers, CEO of GGICO Properties, the real estate arm of GGICO.

“A Topaz Residences property will provide owners with a good return on investment, a secure environment and of course the enjoyment of what will be the primary consideration for many, a high quality home surrounded by numerous premium facilities and amenities,” he added.

Phase One of Topaz Residences is being launched with one-bedroom apartments starting at Dh536,892 ($146,139). Each one features a fully equipped kitchen, with supplied appliances including a cooker, washing machine, fridge and microwave.

The apartments are appointed with luxury fitted bathrooms and have a high degree of finishing, with solid wood doors and contemporary interior designs throughout. Premium communal facilities include swimming pool, a fully equipped gym with steam room and sauna.

GGICO Properties is offering its Phase One Topaz Residences’ apartments with a 30/70 three-year payment plan, with the balance to be paid at 2 per cent per month from completion, free of interest.

The company said that purchasing in the development will offer significant capital growth because of the strength of Silicon Oasis as a robust and growing community and the planned extension to the Dubai Metro Green Line, which will see a new station servicing the community within the next five years.

“Silicon Oasis is already experiencing strong rental demand and delivering healthy yields - something that can only increase because of the planned extension to the Green Line,” Chambers said.

“We have already witnessed the rise in property prices in the locations that the Metro serves and the opening up of a new station will increase the area’s desirability even further. It will be a major contributor to the development becoming a highly sought after location to live.

“Another factor that will lead to the inevitable increase in prices of Silicon Oasis property is its location in the Expo2020 corridor. These elements place Topaz Residences property in a prime position to grow in value over the next five years,” added Chambers.

Topaz Residences enjoys close proximity to the city and is 15 minutes away from Dubai International Airport and its business districts. Silicon Oasis has developed a reputation for being a family friendly community, with renowned educational establishments GEMS Wellington Academy, and International Indian High School situated there.

The development is home to a wide range of amenities, including shops, restaurants, clinics and banks. Established brands that have a presence at Silicon Oasis include Spinneys supermarket, Marina Pharmacy and Premier Inn hotel. – TradeArabia News Service