Damac's Vera Residences more than 85% sold on first day
Damac Properties has sold more than 85% of its Vera Residences on the first day of its sales launch
Damac Properties has sold more than 85% of its Vera Residences on the first day of sales, the company said Monday in a statement.
Located in Dubai’s Business Bay district, units for the three-storey building went on sale on 4 November, at a starting price of nearly $136,000 (AED499,000).
The deal comes with a 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.
Niall McLoughlin, senior vice president, Damac Properties, said: “The overwhelming demand we witnessed for our latest project Vera Residences reaffirms the success of our strategy to provide investors with the right product at the right price.
“We thank our customers for choosing our value-driven real estate projects which we develop to meet customer demand.
“By listening to what our existing and potential customers want and focusing on product innovation we are able to present apartment units across a spectrum of prices based on design, amenities and, most importantly, location.”
Vera Residence 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.