Dubai, United Arabic Emirates - Sunday, January 18th 2015 [ME NewsWire]

    The AED 3 billion Millennium Square project, located in the heart of the prestigious Meydan City Dubai with the finest of exclusive suburban living, receives overwhelming response from investors from across the globe

    The project will be the beginning of a transformation from the existing townhouse concept to semi-detached villas as a status of luxury property.

Meydan Dubai, one of the largest and most luxurious integrated racing, business and lifestyle hubs in the world, will witness development of Millennium Square, the first-of-its-kind semi-detached freehold luxury villa project in the city. Encapsulating a harmonious blend of distinctive lifestyle and cultures, Millennium Square will significantly contribute to achieve the goals of the Dubai Plan 2021 that focuses on creating infrastructure for the world’s best social life and transforming the city as a pivotal hub in the global economy.

Known as the ultimate global venue for horseracing, Meydan City development shapes the heart of new Dubai and redefines exclusive living in the city. Meydan is the place, where the world’s richest racecourse (Dubai World Cup) showcases the region’s rich equestrian heritage. Millennium Square is a brand new bespoke residential community project, located in the heart of the prestigious Meydan Development.

The project, to be developed by G&Co at an estimated value of AED 3 billion, is exclusively sold by SPF Realty -- the leading real estate broker in the UAE’s freehold property sector. The off-plan freehold villas are placed at a starting price of AED 4,348,750 (US$ 1,184,946) on a 30/70 payment plan that allows the buyer to pay 30 per cent in the first 12 months (10 per cent upon booking, 10 per cent in sixth month and 10 per cent in the 12th month); and 70 per cent at the time of receiving the completed property. The project will be handed over in the last quarter of the year 2017.

Investors of any nationality, irrespective of their residency status, can buy the Millennium Square freehold property. The property purchased by an expatriate will be put in his/her name for life, which allows the buyer to register the property in Dubai Land Department. The owner will then have full rights to the property, including the right to sell, lease or rent it at his/her own discretion. This property can also be inherited, in line with Dubai Government laws.

The Millennium Square project in Meydan Dubai offers ultra-luxurious, semi-detached villas with the finest of exclusive suburban living and convenience of nearby urban destinations - including Dubai International Financial Centre (DIFC), Downtown Dubai and a direct link to Sheikh Zayed Road. Unlike townhouses and conventional villas, the semi-detached villas consist of pairs of houses built side by side sharing a party wall and in such a way that each house’s layout is a mirror image of its own. This means that only two villas will be adjoining each other.

Commenting on the project, Mr. Kalpesh Sampat, Director of SPF Realty, said, “We have received overwhelming response from investors for Millennium Square, a unique project in Meydan Dubai. The newest residential project in Meydan redefines elite living. Featuring the very best of international architectural designs, Millennium Square is ideally located for people looking forward to live in exclusive surroundings with breathtaking nature. The villas promise distinctive characters that match the buyers’ taste and lifestyle.”

“We are once again selling the product very well, as the city’s real estate market continues to attract investors from around the world. The project offers the most competitive pricing for the customers in the Meydan Community, starting at AED 1,250/- per Sq.ft., which is almost 30 to 40 per cent less than the pricing of other projects in the same location. The success of G&Co projects, marketed exclusively by SPF Realty, reflects the increasing demand for housing properties in Dubai as more investors from different parts of the world are coming to this market,” he added.

“The semi-detached villas at Millennium Square are inspired by the very best of international architectural designs, resonating a unique mix of form and function. This marquee community redefines elite living for those looking to live in glamorous, exclusive surroundings and enjoy breathtaking nature. The development offers state-of-the-art amenities incorporating community-based facilities to make a lifestyle that transcends even the extraordinary,” Mr. Sampat elaborated.  

The semi-detached villa comprises of four bedrooms plus a maid’s room with a built up area of 3,479 sq ft, covering 60 per cent of the total plot size of 3,350 to 3,550 sqft. The rest 40 per cent of the plot covers garden area. There is an option for making one extra bedroom on ground floor with no extra cost. The amenities in the project include Community Centre, Swimming Pool, Gymnasium, Play Areas, Parks, Mosque and Retail Outlets.

The interiors of semi-detached villas at Millennium Square pay a rich tribute to today’s luxurious lifestyles. Modern and sleek amenities, furnishings and fittings with exquisite finishes make for a residential experience that’s a cut above the ordinary. Each villa boasts of its own maid's room, store room, usable terrace and all en-suite bedrooms, with contemporary finishes that make for a high quality living. The terrace will be a unique amenity provided to the residents of Millennium Square semi-detached villas. The villas feature modern kitchens, which are fully equipped with appliances by popular European brands.

G&Co appointed SPF Realty as their exclusive agent for the third consecutive project, this time to market the semi-detached villas at Millennium Square. This is in continuation of SPF Realty’s successful association with G&Co after receiving overwhelming response for the previous two projects – AED 1.5 billion Millennium Estates, and AED 2.7 billion Grand Views at Millennium Estates. G&Co is a premium property developer in the Middle Est region, involved in planning and developing world-class master communities.

-Ends-

About SPF Realty

SPF Realty was established in 2005 in Dubai with a vision to offer holistic solutions to all property-related requirements. The company mainly focuses on Real Estate Sale Brokerage and Real Estate Lease Brokerage services. SPF Realty has stood firm through the ups and downs of the nascent real estate market in Dubai to emerge as a leader in the field. With unmatched market expertize and uncompromising service quality as our backbone, we offer our clients a complete and customized service advisory package that assures appreciation and return on investment.

Dubai, without a doubt, is poised on the brink of becoming one of the world's leading investment hubs, and nobody understands this market better than SPF Realty. Through SPF Realty’s extensive understanding of the market and the wide-ranging list of properties it manages, it can deliver requirements, regardless of whether one is looking for properties to buy and rent in Dubai, or seeking good value on the sales of an existing property.

SPF Realty’s growing team of dedicated and expert professionals are always at the customer’s service, ready to help make informed decisions on all property-related problems, while its varied and wide-ranging portfolio ensures that it provides excellent service to not just individual clients, but corporate clients as well. For more information, please visit: www.spfrealty.com

Contacts

Rasheed Palliyalil

Watermelon PR

Dubai, UAE

+971-4-2833655

rasheed@watermelonme.com

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