Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction & Industrial Group, has announced that its AED 95 million 'Mulberry Mansions' project in Jumeirah Village has been completely sold out. The outstanding sales performance of the project reflects well on the developer's expectations for 2008, and is part of an aggressive expansion plan, which had been rolled out to leverage the increasing demand for luxurious developments in the region. With aims of further reinforcing its presence in the international real estate market, the developer is currently showcasing its project portfolio at the International Property Show 2008, being held at the Dubai International Exhibition Centre (DIEC) from February 17- 19, 2008.
The reception for the 'Mulberry Mansions' project has been reflected by the complete sell out of all of the units, with the first phase and second phase of the project achieving a sold out status within only 6 hours and 2 hours after the respective launches. Impressed with the project's convenience, luxury and high quality, investors have also recognised the tremendous investment opportunity within the project, which is set to provide easy access to the Dubai Metro Station and to the most important business and leisure districts upon its completion in the third quarter of 2009. Residents of the 23 exclusive townhouses, which comprise the entire project, are set to enjoy the benefits of living in close proximity to top notch medical facilities, educational institutions, shopping malls and movie theatres, beaches and parks.
"As we steadily build a strong reputation across the region through our unique
themed residential developments, we have high expectations that we will achieve, if not surpass our sales objective of AED 6.5 billion for 2008," said Navaid Chaudri, CEO, Al Fara'a Properties. "Our themed developments have caught the attention of both local and international clients due to the distinctive features, which address the increasingly discerning taste of today's investors. The breakneck speed at which we have managed to completely sell out the 'Mulberry Mansions' project stands as a testament of the distinct impression, which we have imbued to our clients - that of high value and quality investment opportunities."
Each luxurious Victorian-styled two-storey townhouse will include four bedrooms, a private two-car garage, a terrace, a balcony, maid's room with separate access, and a private garden, which mirrors the elegance of Dubai's most sought after address at the heart of Jumeirah Village. The spacious and comfortable interiors also incorporate custom-built walk-in closets, fully-equipped kitchens and well planned master bedrooms accented by distinct lighting designs. Weaving luxury into everyday living, all carefully planned units will also boast of a remarkable view of the boulevard and a skylight to bring natural brightness and ventilation. Selected townhouses at the far sides of each row of the plot will be incorporated with elegant private swimming pools within private side gardens.
"Our expertise in delivering luxurious residential developments, which perfectly
match the distinct preferences of global customers is being recognised throughout the region, and the launch of the 'Mulberry Mansions' is another testimony to this remarkable repute. In addition to embarking in high profile projects, we are also participating in the International Property Show 2008 and other international property exhibitions worldwide with aims of further expanding our regional and international investor base, and reaching promising and untapped markets," said Natasha Gangaramani, Director, Al Fara'a Properties.
Al Fara'a Properties leverages the Al Fara'a Construction Group's solid background of 27 years of expertise in providing quality integrated construction solutions in the UAE. Its services include property development, investment management and project management.'
© 2008 Al Bawaba (www.albawaba.com)
