Dubai's Skycourt residential units sold out

Published December 18th, 2006 - 08:11 GMT
Al Bawaba
Al Bawaba

All the residential units opened have been sold for sale at Skycourt, the latest real estate project offering freehold residential apartments in Dubailand Residence Complex in Dubai by National Bond Corporation, the Sharia compliant national saving scheme of the UAE.

 

“The response received from our bondholders and Dubai Bank customers was overwhelming and reflected their trust in National Bonds and the Skycourts concept of providing elegant yet affordable housing in the UAE," said Nasser Bin Hassan Al Shaikh, Vice Chairman and CEO of National Bonds Corporation.

 

"Approximately 40% of the units sold out on the very first day of the sale and now we are closing the sale much earlier than planned,” he added.

 

The week-long sale was open exclusively for the National Bonds holders and Dubai Bank customers. The sale was to be open for the general public after this. However, all the 6 towers comprising over 2,300 units were sold out in 6 days.

 

The Dh1.5 billion Skycourts real estate project is expected to be completed by 2009.