Emaar’s Panorama project selling out on opening day in Dubai
Project, sales for which which opened at 9am today, comprises 4 buildings with 15 floors for a total of 224 apartments
By Shuchita KapurPublished Saturday, May 26, 2012
As with Emaar’s previous launches, its new project Panorama in Dubai’s Greens area has attracted the attention of investors.
At 12 noon today, the sales centre was bustling with investors keen to lay their hands on Emaar’s latest offering.
The project, sales for which opened at 9am today, has already seen some parts of it sold-out by 12 noon today.
The project comprises of 4 buildings with 15 floors, offering customers a total of 224 apartments.
Apartments in the premier project offer a view of the Emirates Living Golf Course.
The primary driver of this investor rush seems to be the closely-guarded pricing of the project.
While Emaar hasn’t made the pricing public yet – and is only sharing it with investors who walk in with a cheque book – real estate brokers aware of the project told this website that one-bedroom units in the project were being offered by Emaar at around Dh940per sq ft.
“As far as I know, one-bedroom units are already sold-out, and two-bedrooms are also selling like hot cakes and are expected to be sold-out any time,” an agent with one of the largest real estate brokerages in Dubai told this website on the condition of anonymity.
According to listings on Dubai’s property classifieds, the current rate in Fairways West in the same area with golf course and pool view is between Dh1,170 to Dh1,500-plus per sq ft, making Emaar’s latest offering an attractive investment .
The agent mentioned earlier added that, in what reminded him of the days of Dubai’s property boom, some early investors who managed to book one-bedroom units this morning were seen reselling their units to late-arrivals at a premium.
“A one-bedroom was being sold at Dh940 per square feet, and people who have bought it are selling the same unit at Dh1,100sq ft, making a decent premium,” he said.
http://www.emirates247.com/property...t-on-opening-day-in-dubai-2012-05-26-1.460234
Project, sales for which which opened at 9am today, comprises 4 buildings with 15 floors for a total of 224 apartments
By Shuchita KapurPublished Saturday, May 26, 2012
As with Emaar’s previous launches, its new project Panorama in Dubai’s Greens area has attracted the attention of investors.
At 12 noon today, the sales centre was bustling with investors keen to lay their hands on Emaar’s latest offering.
The project, sales for which opened at 9am today, has already seen some parts of it sold-out by 12 noon today.
The project comprises of 4 buildings with 15 floors, offering customers a total of 224 apartments.
Apartments in the premier project offer a view of the Emirates Living Golf Course.
The primary driver of this investor rush seems to be the closely-guarded pricing of the project.
While Emaar hasn’t made the pricing public yet – and is only sharing it with investors who walk in with a cheque book – real estate brokers aware of the project told this website that one-bedroom units in the project were being offered by Emaar at around Dh940per sq ft.
“As far as I know, one-bedroom units are already sold-out, and two-bedrooms are also selling like hot cakes and are expected to be sold-out any time,” an agent with one of the largest real estate brokerages in Dubai told this website on the condition of anonymity.
According to listings on Dubai’s property classifieds, the current rate in Fairways West in the same area with golf course and pool view is between Dh1,170 to Dh1,500-plus per sq ft, making Emaar’s latest offering an attractive investment .
The agent mentioned earlier added that, in what reminded him of the days of Dubai’s property boom, some early investors who managed to book one-bedroom units this morning were seen reselling their units to late-arrivals at a premium.
“A one-bedroom was being sold at Dh940 per square feet, and people who have bought it are selling the same unit at Dh1,100sq ft, making a decent premium,” he said.
http://www.emirates247.com/property...t-on-opening-day-in-dubai-2012-05-26-1.460234
Anyone?
