Jumeirah Golf Estates announced that phase 1 of its Redwood Park development has officially been sold out to a mix of local and international buyers.
As Jumeirah Golf Estates continues its growth plans and international sales drive, buyer confidence in the community of modern townhouses, overlooking the Fire golf course and consisting of two-phases, was boosted by the recent announcement that construction of phase 1 has reached over 70% completion, with the handover on schedule for Q4 2016.
Abdulaziz Bukhatir, executive director – corporate services, Jumeirah Golf Estates, commented: “Ahead of the on schedule H2 2016 handover, we have witnessed a surge in interest in Redwood Park among both investors and end-users seeking properties, which offer competitive rental yields and capital appreciation, within ag community.”
“We are pushing ahead with our fast-paced development and we are driving strategic sales efforts to leverage global real estate investors’ interest in Dubai. In the near future, we are seeing real potential to market Jumeirah Golf Estates to investors in China and India,” concluded Bukhatir.
Overlooking Jumeirah Golf Estates’ championship golf course, Fire, Redwood Park was designed to answer a growing number of families and young professionals seeking more affordable property options, with prices starting from $680,614 (AED2.5m).
Inspired by the Tuscan countryside, Redwood Park is a collection of three- and four-bedroom townhouses, with fairway views of the Fire Course, landscaped gardens and located within walking distance of the Jumeirah Golf Estates Clubhouse and its extensive amenities.