Cherrywoods Townhouses is an upcoming gated community by Meraas along Al Qudra road, near the existing Mira Oasis and Mira communities. These three and four bedroom townhouses fall within the affordable homes segment and we are anticipating a huge demand from buyers/investors, given its the first of its kind by Meraas.
Meraas has launched Cherrywoods townhouses at around AED 650 per square foot, meaning starting prices are around AED 1.4 million for a 3 bedroom townhouse.
Completion is expected in June 2021.
We are expecting Meraas to offer a 5-year post-handover payment plan for these townhouses.
If you are an end-user who was waiting to purchase your first home or an investor on the sidelines, waiting for the perfect product and opportunity to invest in Dubai Real Estate, this is the right project for you. Cherrywoods Townhouses are priced exceptionally well, with prices starting from just AED 650 per sq. ft. and the payment plan being spread over 5 years post handover, with only a 5% down payment requirement to book a townhouse. In addition to price and payment plan, a key selling point is the developer itself. Meraas has developed and handed over quality developments and has emerged as one of Dubai's top developers.
- 3 Bedroom middle (in cluster of 4 units): 1,938 sq. ft., 250 sq. ft. of parking, total area 2,188 sq. ft.
- 3 bed corner unit (in cluster of 4 units): 2,100 sq. ft., 250 sq. ft. of parking, total area 2,350 sq. ft.
- 4 bed corner (in cluster of 4 unit): 2,530 sq. ft., 250 sq. ft. of parking, total area 2,780 sq. ft.
- 4 bed semi-detached (cluster of 2 units)
The community will have numerous amenities available for residents. These include lake, park, squash court, swimming pools, tennis courts, community centre with shopping arcade, jogging tracks, cycling track, walkways, and a basketball court.
Meraas is offering an exceptionally investor-friendly payment plan.
- 5% Down Payment
- 45% During Construction
- 50% Over 5 Years Post-Completion
You can see the exact breakdown of the payment plan from the downloads section.