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Park Investments announced on Wednesday the launch of its AED 270 million Park Villas project in Jumeirah Village Circle, reported by Emirates 24/7. The residential locale covering an entire area of over 365,000 square, will have 93 villas with each villa consisting of four bedrooms and separate lift for its three levels. The villas will be available in a number of sizes ranging from 3168 to 3322 square feet and also have the facility of a swimming pool.
The announcement of the project comes at the time when the Dubai property market is booming and favorable for investments. The government is also backing real estate projects through a variety of regulations for buyers and developers.
Parminder Singh Sehgal, Executive Chairman of Park Investments stated that he and his team feel this is the right time to enter the real estate market and are working towards providing residents of Dubai a high quality and affordable living.
The company is offering a deal, where investors/purchasers can opt for a payment scheme and pay 50% of the value till the project is completed and 50% once the handover takes place. This deal also allows for flexible interest free installments. The pre-launch price stated by Park Investments begins at AED 2.9 million. The project is already in its construction phase and is estimated to be finished by the first part of 2016.
