Abyaar receive apartments building and ready to lease

17/09/2013 15:59 AST

Abyaar Real Estate Development Company has announced receiving its residential building located within the Dubai Investments Park (DIP) from the contractor and will be leasing the units during the third quarter of this year.

The chairman of Abyaar, Marzooq Al-Rashdan, commented on the delivery of the project: "The modern design of the building and its excellent location makes it special in terms of distance from the traffic and the city racket, the building consists of 100 residential units spread over six floors, in addition to the retail space at the ground floor."

Al-Rashdan added: "The floors of the building are designed based on the idea of open spaces concept allowing maximum floor efficiency. The building has one of the biggest parking spaces compared to similar buildings. It is easily accessible from Emirates Road, and the area is close to major attractions and highways where it takes less than an hour to get to Abu Dhabi."

And on the performance of residential property in DIP which the building is located Al-Rashdan said: "The rental rates of residential units rose in the second quarter of this year compared to the first quarter and with the same period of 2012."

It is noteworthy to mention that Dubai Investments Park is one of the largest business and residential communities in the Middle East. Strategically located within minutes from the Jebel Ali Port and Al Maktoum International Airport, DIP is a self-contained city offering state-of-the-art facilities and world-class infrastructure.

AME Info