Myra Properties has unveiled plans for a AED 150mn ($40mn) apartment project in Dubai, aimed at the growing community of young expatriates.
Crystal Residence in Jumeirah Village Circle will have 225 units ranging from studios to three bedrooms and is expected to be completed by April 2018. Prices start from AED 382,000.
Ismail Han, managing director of Dubai-based Myra Properties, said Crystal Residence will help satisfy rising demand for luxury apartments.
Akash Kanjwani, Deputy CEO of Myra Properties, said: “Myra Properties believes that with such a young population increasingly entering the UAE, there would never be a better time for the real estate industry.
“These customers are very knowledgeable, have enough buying power and look for well-appointed high-end properties that can help them unwind after a long day at work,” he added.
“In addition, when it comes to buying, millennials prefer to stick to investments that have lower risk. Crystal Residence would therefore appeal to such discerning customers.”
The main consultant for the project is Emsquare. Sky View Real Estate Brokers will be exclusive sales agent for Myra who have successfully launched and sold Botanica in JVC which has started handover.