Park Investments launches its first Dubai real estate venture
Dubai: 10th Sep, 2014 [PR]
Park Investments, a newly formed specialized real estate life cycle investments company in UAE, part of leading multi-faceted business conglomerate in Korea and USA with diversified businesses plus years of invaluable experience and expertise in the real estate sector now makes its foray into the Dubai Realty. The company enters the market through the launch of Dhs. 270 million exclusive “PARK VILLAS” project at Jumeirah Village Circle (JVC). The project spans over a total area of 365,000 Sq Ft.
The JVC is a community development popular among investors due to its green landscaping, central position in the downtown and a family-friendly environment. Park Villa’s are located on a green belt within Jumeirah Village Circle, ensuring that the property is situated in the best area within the exceptionally well planned development. The residential development will comprise 93 spacious 4 bedroom G+2 villas with personalized lift for each villa. Amenities at each villa will include spacious balconies, fully equipped kitchen, 2 covered car parks, fitted wardrobes amongst others. With its unique and sophisticated designs, Park Villas blend urban modern design with sense of traditional European architecture. The Villa sizes range from 3168 sq ft – 3322 sq ft with an option for swimming pool. One of the biggest draw for buyers of this project is its attractive payment scheme which allows purchasers to pay 50 % until the completion and 50% after handover with an option of easy interest free installments. The pre launch price starts at Dhs. 2.9 million. “Dubai Property market is buoyant once again with healthy and promising returns. The regulations in place by the Government now make both the developer and investors very confident of the future growth prospects. Our team has decades of experience in launching and managing some of the big projects in Korea, USA, India and Pakistan and now our endeavor is to bring high quality affordable living to Dubai. We felt it was the best time to enter the Dubai real estate and catch up with the momentum”, said Mr. Parminder Singh Sehgal, Executive Chairman, Park Investments. “JVC is experiencing a surge in demand as it reflects a growing trend towards accessibility, convenience and cost-effectiveness. It is one of the last remaining areas in main Dubai where there is significant scope for new as well as future construction activity with some enchanting corners coupled with affordability and connectivity it surely is gaining popularity as one of Dubai’s favorite community. Each villa unit at our project is designed on a grand scale offering substantially more floor space than other comparable developments. Construction work on the project has already started and expected to be completed by first quarter of 2016. Alongside, we have also signed contract for projects’ sales and marketing with firms like Rocky Real Estate, Allsopp & Allsopp, Smith and Ken, Alif Properties, 3G Real Estate and luxury homes. Our product offering is quite unique with its unmatched quality together with the best payment plan, added Mr. Singh.