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Dubai-based Sooma delivers residential project in Al Furjan

Dubai-based Sooma Real Estate Developer announced the completion of Al Fouad, one of the first residential buildings located in Dubai’s Al Furjan master planned community

Al Furjan is a 560ha, mixed-use master development from Nakheel.
Al Furjan is a 560ha, mixed-use master development from Nakheel.

Dubai-based Sooma Real Estate Developer announced the completion of Al Fouad, one of the first residential buildings located in Dubai’s Al Furjan master planned community.

The official public launch of the project, which features studios, one-, two-, and three-bedroom units, took place earlier this month, with 51% of the apartments sold out so far.

The building offers two retail units on the ground floor, a rooftop swimming pool and gym, and underground and over ground shaded parking.

Buyers are given a choice of closed or open kitchens, and all apartments come with balconies offering villa community and Dubai Marina views.

Prices start from $231 (AED850) per sqft, with Dubai Islamic Bank is providing mortgages to buyers.

Omar Hafez, CEO of Sooma Real Estate Developer, said: “The completion of our first residential project in one of ‘New Dubai’ popular locations address the emirate’s rising demand for family-friendly and affordable communities.

“With forecasts hinting at a rise in the number of first-time home owners in Al Furjan, thanks to enticing returns, attractive prices, post-completion payment plans, and proximity to the upcoming Dubai Metro station, we aim to set a new standard of living with our unique development.

“As a ready property, Al Fouad apartments bring investors immediate returns.”

Engel & Völkers, exclusive sales partner of Sooma, have announced a payment plan for prospective buyers, which offers payment of 30% of the purchase price upon moving in.

Al Furjan is a 560ha, mixed-use master development from Nakheel, currently home to more than 5,000 people with a projected population of more than 65,000 when completed.

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