Sobha Group has sold a record 90% of its first residential development in Dubai in just six weeks.
Launched at Cityscape Dubai, Sobha Daffodil at Jumeirah Village South comprises of 178 apartments, ranging from studio accommodation up to spacious three-bedroom apartments. However, inventory is already limited as Sobha continues to enjoy sales success.
“We are thrilled with the success of Sobha Daffodil, our first residential project in Dubai. This affirms that Sobha is creating a place in the market as a developer delivering true, liveable residential units, finished to the highest standards – on time. ” said Ajay Rajendran, Vice Chairman, Sobha Group.
Owners and Investors have been able to secure their units at Sobha Daffodil with a deposit of just 10% of the unit price. The payment schedule for the balance amounts is then linked to project construction. Individual home finance is also available through Abu Dhabi Commercial Bank (ADCB).
“All payments are deposited in an Escrow account, which is monitored by the Lands department. All regulations are followed to ensure smooth transactions in every contract dealing. Our CRM support function is available to help attend to all after – sales customer queries,” Ajay Rajendran explained.
The 178-apartment development, located in Jumeirah Village South, offers a magnificent roof top garden, large temperature controlled swimming pool and fully equipped Club House. Outside facilities include a walking trail, large pergola for community gatherings, barbecue area, children’s play area and other attractions to enable residents to live a healthy and balanced lifestyle at Sobha Daffodil.
Construction on Sobha Daffodil will begin in December. Sobha hopes that families will be making Sobha Daffodil their home by the 3rd Quarter 2009. The Sobha Group expects to announce a regional portfolio of over AED 2 Billion by the middle of 2008 which will include a range of commercial and residential properties at premium locations in Dubai.
