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Deyaar releases new units in Midtown's Dania District for sale

Dubai-based property developer Deyaar Development has announced the release of the final units available for Midtown community’s Dania district.

Dania district.
Dania district.

Dubai-based property developer Deyaar Development has announced the release of the final units available for Midtown community’s Dania district.

The district comprises 579 apartments and has reached 35% completion so far, according to a recent company update.

The developer is also offering a limited Ramadan payment plan in which Deyaar will cover 100% of the Dubai Land Department fee during the holy month.

READ: Dubai developer Deyaar reports 25% growth in Q1 2018 net profit

The flexible payment plan begins after three months of purchase with 1% monthly instalments, and a move-in date of Q4 2019.

Prices in Midtown start from $185,000 (AED680,000) for a one-bedroom apartment, with 80 due on handover of the unit.

Buyers will only pay a 5% booking fee to secure their property. The offer is available until the end of Ramadan.

Nasser Amer, sales vice president at Deyaar, said: “Intended as the ideal community for families and professionals alike, Midtown is a premium investment opportunity for buyers who wish to own their own home, or those who wish to rent their property out in the future.

"At 35 per cent completion, we are well on track for a Q4 2019 handover.”

Midtown is a mixed-use community composed of 27 buildings with a built-up area of almost five million square feet, including studios, one-, two-, and three-bedroom apartments.

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Construction Week - Issue 737
Apr 14, 2019