Hot on the heels of announcing a mega golf community for Dubai South last month, Dubai-based real estate giant Emaar Properties has announced another luxury residential project to be built in its Green City development in Dubai Hills Estate in MBR City.
Emaar plans to build a number of one-, two- and three-bedroom apartments and a duplex unit in its latest project named the Park Point, which will be a joint venture with Meraas Holding.
Dubai Hills Estate is envisioned as a mixed-use development with a series of neighborhoods set around an 18-hole championship golf course. Dubai Hills Estate is planned to have vast stretches of landscaped parks and gardens, winding walkways, and extensive open areas that will provide the ultimate outdoor living experience to residents and visitors.
Park Point will be one of such neighborhoods featuring elegant homes and modern facilities, and the developer said it would be one of the most exclusive new projects taking shape in Dubai.
At the launch, a statement from Emaar said special offers were being made available for those looking to invest in Park Point. Per flexible payment plan, the buyers will first make a down payment of 10 percent of the total value of the property, then a second installment of 10 percent on February 20, 2017 followed by a third on July 20 the same year.
The buyer then has to pay another 10 percent on December 20, 2017. At that point, 20 percent of the construction would be complete and another installment will be made on April 20, 2018 once 40 percent of the work is done. The next date of installment would fall on August 20 when 60 percent work on the project would have been completed, followed by a final payment of the remaining 40 percent of the cost on February 28, 2019.
The developer said those who opted to live in Park Point would get to experience healthy living in harmony with nature while enjoying an endless array of community facilities including sporting, entertainment and leisure facilities.
Dubai Hills Estate is slated to feature an iconic commercial centre, high-end retail centres, as well as low-rise and mid-rise residences, hotels and serviced hotel apartments.
An Emaar spokesman said residents would have access to an endless array of community facilities around Dubai Hills Estate – from a modern health club, golf club to nature trails, jogging tracks, children’s play areas, and long-shaded pathways connecting parks and pools, besides quality educational institutions, healthcare facilities and mosques.