Shapoorji Pallonji International Property Developers (SPIPD) has unveiled an attractive payment plan for investors interested in buying a luxury apartment at Imperial Avenue, its debut international real estate project located in Downtown Dubai, this Ramadan. 

 

Under the new scheme, investors will get the opportunity to upgrade their living experience with an initial payment of only five per cent followed by another 55 per cent of the property value upon completion.

 

Following the five per cent reservation amount, home owners will be required to pay an additional 10 per cent of the property value within 60 days from booking. 

 

Subsequently, investors will have the flexibility to complete seven instalments of four per cent each of the property value every three months and a final instalment of two per cent of the property value.

 

On the Ramadan offer, Rayomand Dastur, the director - sales and marketing at SPIPD said: "Imperial Avenue is a premium residential development that offers larger living spaces in the heart of the city. With a booking fee as low as five per cent and a flexible payment plan until completion, we want to support investors by reducing the monthly instalments and providing peace of mind."

 

As of May this year, 15 per cent of the project work has been completed. In addition, the construction of the raft has been completed recently, setting the next stage for construction of the 45-storey high-rise. 

 

The main structural works are expected to be concluded by June 2018, ensuring the project is on track for handover in the third quarter of 2019.

 

With over 45 years of experience in completing and delivering quality projects in the Middle East, Shapoorji Pallonji Mideast was recently honoured by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, with ‘Dubai Quality Appreciation Award (2016 cycle)’ for the construction sector at the Dubai Business Excellence Award.-TradeArabia News Service