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Dubai Lagoon is launched for retail residential purchasers
- December 10, 2005, 9:48 am
Dubai Lagoon, the Dubai Investments Park residential community complex, was launched to retail residential purchasers.
Dubai Lagoon comprises 53 residential buildings. The total project development is valued at three billion UAE Dirhams. Phase one sees 21 ground plus six and ground plus eight buildings for sale with a completion date of September 2007.
Dubai Lagoon comprises 4,166 units - studio, 1 bedroom, 2 bedroom, 3 bedroom and 4 bedroom. Targeting the middle to high middle income class, all buildings have lagoon views, and with over 75% of the total land used for landscaping and the lagoon itself, the development promises to offer residents charming, tranquil and luxurious surroundings.
Sonia Husain, Executive Director of Dubai Lagoon said: ‘Located close to Dubailand, Global Village, Sports City, and the new airport, Dubai Lagoon offers the very best for those who demand the ultimate in contemporary living. Near the Green Community, with easy access to two main highways, a school and a university, two five star hotels, three new championship golf courses and a new free hold zone business park, Dubai Lagoon boasts the perfect location.
‘This is an ideal place to live, with expansive water views of the lagoon, lavish landscaped gardens and a proposed golf course surrounding the development. The commercial centre will consist of a super market, laundry, world class gym, several swimming pools, sauna, Jacuzzi, squash courts, tennis courts and a mosque’.
Location:
Dubai Lagoon is situated in Dubai Investments Park near ‘The Green Community’ with easy access to Sheikh Zayed Road and the new Emirates Road. Dubai Investments Park (DIP) is a modern, environmentally friendly mixed-use residential, recreational, business, and industrial development located in Dubai, United Arab Emirates. DIP is 3,200 hectares in size and is located in close proximity to all the major attractions of Dubai. It is approximately 3.5 km in width and 9.7 km in length.
Financing:
One of the most unique features of Dubai Lagoon is the revolutionary financing behind it for private purchasers. A special 7 year finance plan is available, allowing purchasers to pay 50% over a 24-month period with the balance to be paid over 60 months in equal monthly instalments, without any loan, mortgage, or post dated cheques. Also suitable for investors, the financing allows purchasers to sell to a third party upon payment of 1st instalment.
In addition, all apartments are ownership sub-lease hold title which means that all clients are eligible for family residence visas, subject to UAE immigration rules and regulations.
Developers:
Dubai Lagoon is being developed by Dubai based Town Centre Management Ltd. who are sponsored by His Excellency Nasser Abdulla Hussain Lootah, the chairman of NASA Group. The NASA Group has been established for over 25 years and has diverse business activities and is a well respected and successful conglomerate in the region.
Architects:
Dubai Lagoon is designed and master planned by Artec, one of the leading architectural firms in the region who offer services in architecture, urban design, and environmental planning.
Marketing and Sales Agents:
Better Homes are the marketing and sales agents for Dubai Lagoon. Better Homes LLC is one of the leading real estate companies in the UAE employing more than 270 professionals and managing more than 80 properties and over 1,000 apartments.
Sonia Husain, summed up the launch by saying:
‘Smell the difference, hear the difference, taste the difference, feel the difference… we invite potential purchasers to visit our sales offices located on the development. As soon as you step out of your car at our purpose built site office you will sense the difference.’
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