Jan 19 2019   | Source: Gulf Business 

Dubai’s Emaar launches Expo golf villas starting from almost Dhs1m

Dubai developer Emaar has launched the second phase of its Expo Golf villas project for sale in its Emaar South community, it announced on Wednesday.

The collection of three and four bedroom villas overlook an 18-hole championship golf course and are located close to the Expo 2020 Dubai site and the Al Maktoum International Airport.  

The family villas are spread across 110 to 140 square metres in size with amenities including neighbourhood parks, an outdoor swimming pool, kids play area, gymnasium and community centre. 

The cost of a three-bedroom villa starts at Dhs999,888, with Emaar also offering an extended payment plan stretching over five and a half years. 

The launch of the second phase comes after an “overwhelming sales response” to the first phase, a statement said. 

A joint venture with Dubai South, Emaar South is a 7 square kilometre project which will feature townhouses, villas and apartments along with walking and bicycle trails and a public transport network. It was launched in 2016. 

It is aimed to cater to demand within the 145 sq km Dubai South development including those working at the Al Maktoum airport, Aviation District, Business Park, Exhibition District and Humanitarian District and Logistics District.  

The launch of the new units comes even as Dubai’s property market continues its slump, with residential real estate prices down by 11.1 per cent in 2018, according to a report by ValuStrat. 

According to property consultancy Savills, prices were down between 6 to 10 per cent in 2018, with a similar drop forecast for 2019.

Source: Gulf Business

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