SPF Realty has conducted a first-of-its-kind record Sales and Purchase Agreement, or SPA, signing meet for investors of the Grand Views at Millennium Estates — a Dh2.7 billion development by Meydan City sub-developer G&Co.
SPF Realty has conducted a first-of-its-kind record Sales and Purchase Agreement, or SPA, signing meet for investors of the Grand Views at Millennium Estates — a Dh2.7 billion development by Meydan City sub-developer G&Co, the company said in a statement. The off-plan agreement signing between buyers and the developer is happening within a record time of two months after announcing the off-plan project, whereas most other developers take a minimum of four to six months to do so. The development consists of a total 476 luxurious properties — 304 townhouses, 172 villas and eight mansions.
SPF Realty had signed a contract with G&Co in December last year to market properties of the new luxurious residential project — Grand Views development at Millennium Estates located within Dubai’s prestigious lifestyle, business and sports hub Meydan City Community.
SPF Realty has successfully sold out the first and second phases of the Grand Views project. The third phase of sales at the Grand Views is live now, having very limited properties available for potential buyers. The two-day long SPA signing event, held at The Meydan Hotel earlier this month, aimed at providing the investors with a set of after-the-sales services and taking them for a tour at the project site.
“The Grand Views at Millennium Estates offered the lowest pricing in the Meydan Community, starting at Dh1,275/- per Sqft, for the prosperous investors. We sold out the entire townhouses in 50 days, and a very few villas are currently available for sale,” Kalpesh Sampat- director, of SPF Realty, said in the statement.
— abdulbasit@khaleejtimes.com