SALES OF HOUSING IN THE ELITE MARQUISE SQUARE COMPLEX IN THE CENTER OF DUBAI HAVE BEGUN
SRG and Select Property have given start of sales of housing in the elite Marquise Square complex located in the center of the region of Burdzh-Khalifa in Dubai.
The leading builder SRG and the international investment company Select Property announced the beginning of sales in the exclusive housing estate of Marquise Square located in the heart of the region of Burdzh-Khalifa in Dubai.
The companies offer investors at choice of 237 studios that solves a problem with a lack of housing such in this area. Project completion is planned for the 4th quarter 2018.
Under the name "Marquise" the 29-storey building of a diamond-shaped form which is ready to offer clients luxury and quality disappears, being in only several minutes from the highest structure in the world and Vodokanal of Dubai.
Despite focus first of all at studio, Marquise Square it will be also provided two and three-roomed apartments. They will be added by access to the pool, gym, the children's playground, the molal hall, a sauna and a bath, restaurant and trade rooms. For convenience of residents the concierge service is provided in the round-the-clock mode.
Burdzh-Khalifa's region is highly appreciated by investors and residents, having at the same time rental rates characteristic of the downtown, and the availability combined with the growing potential of assets from the surrounding area of Business Bay. Earth cost endured 60-100% growth here for the last five years, and the construction near Vodokanal of Dubai will turn this part of the city of Dubai into similarity of Manhattan that will promote a further value addition of the real estate. Besides, considering approach of the World Expo-2020 exhibition, once you expect even more rapid growth in such areas, Downtown Dubai.
Project development is conducted by reputable Emirates builder SRG who is under authority of Abdulsalam Al Rafi Group. SRG already caused a stir in construction of the sign Sheraton Grand Hotel projects and a 56-storey tower of Burj Al Salam, and also other objects in Dubai and London.
Marquise Square — result of a cooperation of the developer with Select Property, international builder, distributor and operator of the investment brands leading in the market in real estate field.
Adam Price, the managing director of Select Property in the Middle East, told: "Marquise Square is the ideal decision for the smart investors who are looking for high return from the equity and for end users who look for an ideal location with spacious premises."
"In this area there are problems with shortage of studio apartments because of the huge pressure upon builders connected with providing enough parking spaces. Marquise Square was conceived as the solution of this deficit, offering inhabitants spacious apartments studios with certain parking spaces for everyone along with many other conveniences."
Commenting on news about the project Marquise Square, Fahad of Al Rafi, the CEO of SRG, told: "Marquise Square was developed with a thought of maximization of profitability for investors by means of spacious and magnificent apartments, each of which possess a type either on Burdzh-Khalifa, or on Vodokanal of Dubai thanks to a unique design in the form of a rhombus. The project incorporated the best practicians in the field of efficiency and stability, and we are very glad to open it by the end of 2018."
The emphasis on studio apartments will allow investors to reach higher yield due to extraction of benefit from demand for affordable rent housing.
The concept of Marquise Square will be realized by forces of Dubai Contracting Company known also as DCC Group, one of the leading names in the sphere of a regional construction over the last 50 years.
237 studios, 59 of two - 70 of three - and the 18th four-roomed apartments will be provided from 474 to 2323 quarter of feet at cost from 895 thousand dirhams ($243,6 thousand).
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