Dubai-based real estate company, Sooma Real Estate Developer, announced the completion of Al Fouad, one of the first ready residential buildings located in Al Furjan, a 560ha master development from Nakheel.
The official public launch took place earlier this month and so far, 51% of the apartments are sold out. Attractively priced and strategically located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, adjacent to the Discovery Gardens community, the property houses studios, one-, two-, and three-bedroom units.
The completed and ready to move in Al Fouad development houses 105 apartments all with DEWA connection in place. The building boasts two retail units on the ground floor, a rooftop swimming pool, gym, and underground/over ground shaded parking. Buyers are given a choice of closed or open kitchens, and all apartments come with balconies offering villa community and Dubai Marina views.
Prices start from AED 850/sqft and the Dubai Islamic Bank is providing mortgages to buyers.
Omar Hafez, CEO of Sooma Real Estate Developer, said: The completion of our first residential project in one of New Dubai popular locations address the emirates rising demand for family-friendly and affordable communities. With forecasts hinting at a rise in the number of first-time homeowners in Al Furjan, thanks to enticing returns, attractive prices, post-completion payment plans, and proximity to the upcoming Dubai Metro station, we aim to set a new standard of living with our unique development. As a ready property, Al Fouad apartments bring investors immediate returns.
Engel & Völkers, exclusive sales partner of Sooma, have announced a payment plan for the prospective buyers, which gives them a chance to pay 30% of the purchase price after moving into the property. The company also provides around the clock assistance including renting the property to the right tenant. Show apartments are now ready for daily viewings.