Alandalus Townhouses sell out in three hours
The developer welcomed local and international buyers at the project on Saturday to officially release the Andalusian-themed townhouses at a starting price of $354,000
Jumeirah Golf Estates has sold out its Alandalus Townhouses within three hours of its release on the market, it announced in a press statement.
The developer welcomed local and international buyers at the project on Saturday to officially release the Andalusian-themed townhouses at a starting price of $354,000 (AED1.3m).
Yousuf Kazim, CEO of Jumeirah Golf Estates, said: “The real estate sector in Dubai remains strong and presents a great value proposition for investors seeking high rental yields and capital appreciation.
“We are confident that 2017 will be a positive year for Jumeirah Golf Estates, as well as the real estate market in Dubai, given that there is an increase in demand and appetite for mid-market homes in the lead-up to EXPO 2020.”
According to leading real estate consultancy CBRE, a modest improvement is expected in the performance of the residential transactional market in 2017.
“The overwhelming success of the Alandalus Townhouses with a three-hour sell-out is proof of our mid-market appeal for residents, local and international investors and we are seeing great interest from end-users and investors alike,” Kazim added.
“We will continue to push ahead with our fast-paced development and our strategic sales efforts to leverage global real estate investors’ interest in Dubai.”
The Alandalus Townhouse gated community features two and three-bedroom homes, each of which will have a private outdoor terrace including an optional plunge pool and patio area.
The townhouse development is expected to be completed in September 2018 and is the latest addition to the mixed-use community, which also encompasses 715 apartments, a hotel and community retail centre.