Jun 30 2015
Global Golf Residence II
Empire Arabia LLC
Global Golf Residence II was launched in 2007 but was stalled after the market crash of 2009. The project was revived in 2014 and construction is now well underway. As of June 2015, construction has reached the fifth storey (it is a 14 storey development).
At the moment, there are 2 and 3 bedroom units available for sale. Studio and 1 bedrooms are no longer available.
2 Bedrooms have a built up area of around 1,100 sq. ft. and are selling for AED 760 per sq. ft. (AED 850,000).
2 Bedroom duplex apartments have a built up area of around 1,450 sq. ft. and are selling for AED 700 per sq. ft. (AED 1,040,000)
3 Bedrooms have a built up area of 1,900 sq. ft. and are selling for AED 685 per sq. ft. (AED 1,350,000).
The building is scheduled for handover in December 2016.
Payment Plan is 15% down, 10% every 3 months till handover and 45% payable on delivery.
This is by far the cheapest off-plan option available in Sports City. Ready 2 bedrooms in the community sell for anywhere between AED 1.0 - 1.3 million (average price per sq. ft. of AED 800 - 850).
The fact that construction is well underway is a positive and reassuring for potential buyers.