Star Giga Establishment Limited, a joint venture enterprise between ETA Star Property Developers and Mazyood Giga International FZE, unveiled ‘Goldcrest Dreams - Phase II’ (Goldcrest Dreams II) at a press conference held in Dubai at Al Ghurair Giga Gold Refinery DMCC. Goldcrest Dreams II is an AED600 million freehold residential property and a continuation of the ‘Goldcrest’ legacy that currently consists of four projects at Dubai’s Jumeirah Lake Towers and all under at different stages of construction. These being: Goldcrest Views, Goldcrest Views 2 and Goldcrest Executive.
Goldcrest Dreams II is targeted at middle income families and set amidst a serene locale in Ajman’s Emirates City on the Emirates Road. The project consists of three towers made up of ground plus 29 floors with a variety of one and two bedroom apartments.
“Our pricing model makes buying property an affordable reality, thus making possible a lifetime dream for many people, especially those categorized in the mid income segment,” said Amir Haji Amin, Director of Star Giga Establishment Limited. “Goldcrest Dreams II is sure to become a splendid address in Ajman, with its signature attributes of innovation and high quality as that of any Goldcrest project.”
To facilitate stress free ownership, Star Giga offers innovative purchase plans to the buyers, with minimal paper work and procedures. At a low and interest free installment plan, which at a rate of AED1,999 per month, buying a property at Goldcrest Dreams II is very affordable to many families in the UAE. To book an apartment, an initial down payment of 10 percent is required after which quarterly installments of AED1,999 per month to be paid for three years. On handover the balance amount would be paid in installments over a two year period.
The developer also guarantees 8 percent rental returns at the current value of the purchased property, for three years, which will further reduce the installment amount.
“As a developer we intend to straddle all segments of the market. With Goldcrest Dreams II we are pushing the bar on offering a true value-for-money housing solution to the end-user,” said Abid Junaid, Executive Director of Star Giga Establishment Limited.
Phase II of Goldcrest Dreams will be handed over to buyers by end of 2009 and registered in their names when full payment is settled, and subsequently they, the buyers, can avail of UAE residence visas from the concerned authorities.
A day after the launch Star Giga Establishment Limited is organising a ten day sales exhibition at the Goldcrest Tent - Hyatt Regency Hotel grounds in Deira, to showcase the property along with their deals, schemes and options. Pre-booking of apartments can be done during this exhibition period.
