The builder Shaikhani Group has unveiled plans for start of a tower in Dubai which will consist only of studio apartments.
The trend of great demand on affordable housing reigning in the market in Dubai led to the announcement builder Shaikhani Group of the unique developer project — towers, consisting of only one studio apartments, Mahmoud Shaykhani, the managing director of the company told.
"The sizes of studios differ, beginning with 400 sq. feet and reaching 700 sq. feet. Most of them will borrow 400-500 sq. feet, and the price range will vary around a mark of 400 thousand dirhams [$109 thousand] for the apartment",
Sadzhan, the founder and the chairman of other development group Danube Group is called, speaking at the recent Cityscape Global exhibition, told that the situation with the prices the real estate in Dubai was never better, than now, and urged people to invest irrespective of whether there is a speech about projects of Danube or not. He suggested to make investments in affordable housing, but not to pay the high rent, especially in a case with long-term plans of payments.
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