Deyaar’s AED 700 Million projects sold out within hours

Riding on strong demand for its residential offerings, Deyaar, the region’s fastest growing real estate company, announced the complete sell out of its 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 center from the early hours of the morning. 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, namely, June 2009.

Saeed Al Qatami, Managing Director, UAE Business, Deyaar, said, “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.”

Elaborating further, he said that the project’s high investment potential, advantageous location, spacious units and community-centric design enhanced its appeal to both investors and end-users alike. Apart from this, 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.

Commenting on Deyaar’s launches, Mohammed Qusai AL Ghussein, a repeat investor in Deyaar’s properties, said, “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.” Al Ghussein added that 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 the thriving and inhabited community of 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.

As one of UAE’s largest developers, Deyaar has a significant presence on Dubai’s Business Bay. Its current and upcoming projects span prominent locations such as Dubai Marina, Jumeirah Lake Towers and Downtown Jebel Ali.

About Deyaar:
Deyaar Development PJSC is one of the fastest growing real estate companies in the region. Headquartered in Dubai, the company has grown significantly to evolve as a complete `one-stop real estate solutions’ provider. Deyaar today, is one of the most prominent and trusted names in the real estate business with interests in development, property and facilities management, besides also offering a range of services such as brokerage, marketing and sales. Over time, Deyaar’s strategic solutions and deep market insights have helped create exceptional value for investors. The company currently manages over 16,000 commercial and residential properties. Led by a panel of powerful personalities and experts, Deyaar is set to play a pivotal role in the region’s property landscape.