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

Aerial view of Jumeirah Golf Estates in Dubai.
Aerial view of Jumeirah Golf Estates in Dubai.

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.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020