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Deyaar Development PJSC, the region's fastest
growing real estate company, announced today the complete sell out of
Oakwood Residency, its Dhs450m residential tower that was launched
Monday, May 5, 2008, at the International Media Production Zone (IMPZ).
All 344 units in the 18-storey tower were sold before the close of the day.
The project launch was attended by a large number of customers eager to
purchase a property within Deyaar's latest real estate undertaking.
Saeed Al Qatami, Deyaar's Managing Director - UAE
Business, said: 'The swift sell out of our newest residential tower,
Oakwood Residency, reflects the ongoing high level of investor
confidence in Deyaar's projects.'
'We are very pleased with this substantial endorsement by our
customers, who clearly demonstrated their trust in Deyaar's product
offerings,' he added. 'The project's rapid sale is a genuine vote of
confidence by our clients, and a testament to their strong belief in
Deyaar's transparent pricing, on-time delivery and attention to
detail.'
'2008 will witness the launch of a number of exciting Deyaar real estate ventures in the UAE
and several international markets. We are confident that, going
forward, our projects will continue to meet our esteemed clients'
demand for high-value investments,' he said.
Oakwood Residency offers 344 one- and two-bedroom apartments, some
of which include maid's accommodation and a study room. Set amidst a
state-of-the-art residential and business community, the tower will
feature a wide range of amenities, including a fully equipped
gymnasium, separate sauna and steam rooms for men and women, a rooftop
swimming pool, ample parking space and 24-hour security. Oakwood
Residency is scheduled for delivery by the second quarter of 2010, with
construction already underway
Deyaar, the owner of the largest land bank at IMPZ, is due to
launch an iconic master planned community on a large cluster of land
while initiating a shift towards developing mega-community style
projects.
Today, Deyaar enjoys a solid track record of success and stands at
the forefront of the Dubai property development sector with projects
that enjoy high demand in the secondary market. The company's real
estate projects span prominent locations across Dubai, including
Jumeirah Lake Towers, Dubai Marina, Downtown Jebel Ali and Business
Bay, where Deyaar is one of the largest developers.
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