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Damac Properties launches latest project in Business Bay

Damac Properties has launched Vera Residences, its latest project of luxury apartments located in Dubai’s Business Bay area

The project will go on sale on Saturday, 4 November.
The project will go on sale on Saturday, 4 November.

Damac Properties has launched Vera Residences, its latest project of luxury apartments located in Dubai’s Business Bay area.

The 30-storey tower project, which will include a shopping boulevard, will go on sale on Saturday, 4 November.

Units start at nearly $136,000 (AED499,000), with an easy payment plan that includes an initial deposit of 20% plus DLD registration fees, followed by monthly payments for a 35-month duration, and 40% due upon completion.

The project’s amenities will include a children’s play area, barbecue area, temperature-controlled swimming pool, gymnasium, jogging track, steam rooms and sauna, landscaped gardens, and covered parking.

Niall McLoughlin, senior vice president, Damac Properties, said: “End-users will enjoy ease of travel in and around the area and enjoy major attractions and entertainment options, making it an ideal home for those who work in the centre of Dubai.

“Investors will also enjoy a high-yield investment, with the potential to earn up to 10 percent per annum in rental yields, considered amongst the highest in the sector.”

Units will go on sale from 10am to 8pm at Jumeirah Emirates Towers Hotel at the Godolphin Ball Room.

 

 

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Construction Week - Issue 740
May 02, 2019