Dubai homes in JLT record $80m sales in one week

Dubai homes in JLT record $80m sales in one week
Se7en City JLT, a Dubai project by Seven Tides, is on track to open in Q3 2021.
Published: 30 May 2018 - 5:36 a.m.
By: Neha Bhatia

A Dubai project has recorded sales of $82m (AED302m) in one week. 

Se7en City JLT, a mixed-use development in Dubai's Jumeirah Lakes Towers (JLT), posted the record sales. 

Of the 32.5ha project's 2,635 units, 661 apartments were recently sold in week-long transactions. 

The sales, worth $82m (AED302m), covered Phase 1 of the project.

Seven Tides said it would shortly unveil Phase 2 of the development, following Phase 1's successful performance. 

Studios were the most popular unit type for buyers, with 572 studio apartments sold for a combined value of $62m (AED227m), followed by one- and two-bedroom units. 

Indian investors have purchased 17% of the units so far, followed by UAE (7%) and Pakistan (7%) nationals.  

The $354m (AED1.3bn) development by Seven Tides is due to complete in 36 months (Q3 2021). 

 

Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha