Nearly 80 percent of the 23 Marina residential apartments in the 90-storey residential apartment have reportedly been sold even before the project has taken off.
The Marina, a project of Hircon International LLC, a joint venture between ETA Star Properties and Hiranandani Group, made the announcement earlier this week that , thus far, 228 apartments have been sold leaving only 60 apartments besides three penthouses left to be purchased, according to Khaleej Times.
"Ever since we announced the conceiving of the project in 2005, we have since been marketing aggressively both in the region and overseas that has led to the positive results," said Darshan Hiranandani, Director of Hircon.
"About 30-40 per cent of our customers are from Dubai while the rest are from overseas including Russia, Hong Kong, Singapore, Western Europe and of course India and Pakistan,'' he added.
"Our customers who paid the 10 per cent booking fee earlier have now also paid their first installments with the construction having taking off."
The Marina is expected to be one of the world's tallest residential buildings and has 288 duplex apartments.
Hircon International has kicked off the mega project and awarded the construction contract of over half Dh 500 million to Dubai Civil Engineering (DCE). Construction is due to complete the construction in 33 months time.
