Homes at Dubai's Falconcity of Wonders set for 2021 delivery
The project's Eastern Residences will be completed by September 2021, and buyers will receive $40,000 per year in the event of delays
The Eastern Residences villa homes within the Falconcity of Wonders development are on track to be completed in Q3 2021, according to the developer.
Falconcity of Wonders LLC (FCW) is developing the eponymous 42km² project in Dubai, which features miniature versions of the seven wonders of the world, a theme park, shops, restaurants, and leisure amenities, as well as 30,000 residential units.
The five- and six-bedroom villas for FCW's Eastern Residences will be built by September 2021.
Buyers will also receive an annual payment of approximately $40,000 (AED150,000) in the event of project delays, the developer confirmed.
More than 80% of the first batch of villas in the Eastern Residences has been sold.
The villas boast a built-up area of between 298m² and 425m², the LEED Gold Eastern Residences villas come with three shaded car park spaces, solar water heaters, and large backyards with space for building a swimming pool or landscaping.
“The design and layout of Eastern Residence villas are not defined or limited by commercial boundaries and are much closer to the actual needs and requirements of the future residents,” said HE Salem Almoosa, chairman and general manager of FCW.
“We considered various actual living scenarios of families that will reside in these units and the value proposition is reflected on all aspects.”