Park Investments launching its first building project in Dubai

Posted on 13th September 2014

According to news reports in Arabian Business, Park Investments, a new UAE-based real estate investments company in UAE, said on Wednesday it is launching its first project in Dubai.The company, part of a business conglomerate in Korea and the US has unveiled its AED 270 million (US$ 73.5 million) Park Villas project at Jumeirah Village Circle.

The project spans over a total area of 365,000 square feet, the developer said, adding that pre launch prices start at AED 2.9 million (US$ 789,545). Construction work on the project has already started and is expected to be completed by the first quarter of 2016.

JVC Park Villas will be located on a green belt within Jumeirah Village Circle, and will comprise 93 four-bedroom villas, each with a personalised lift. The villa sizes range from 3,168 sq ft to 3,322 square feet with an option for a swimming pool, the company said in a statement.

It added that it is offering buyers a payment scheme which allows purchasers to pay 50 percent until the completion and 50 percent after handover with an option of interest free installments. “Dubai Property market is buoyant once again with healthy and promising returns. The regulations in place by the Government now make both the developer and investors very confident of the future growth prospects. We felt it was the best time to enter the Dubai real estate and catch up with the momentum," said Parminder Singh Sehgal, executive chairman, Park Investments.

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