Casa was launched in November 2012 by Emaar Properties as the first part of Arabian Ranches phase 2. This development is located directly behind the Ranches bordering Palmera and Alvorado communities.
Casa was Emaar’s first villa launch since the market crash of 2008. On the launch date, the general market response was luke-warm as the prices were considered quite high at over AED 1,050 – 1,100 psf, which was at the time just slightly cheaper than ready properties. However, Emaar did go ahead and sell out and based on current market values, Casa is a more attractive proposition.
Casa features 3 and 4 bedroom Moroccan style villas in a total of six different types with only slight differences between them. Total built up areas range from 3,100 – 4,000 sq. ft. and plot sizes are between 5 – 6,000 sq. ft.
In May 2013, Arabtec were awarded contracting right for the 253 units in Casa.
In January 2015, Emaar started handing over villas in Casa.
The payment plan for Casa was as follows:
15% Downpayment (2012)
10% June 2013
15% September 2013
15% June 2014
15% May 2014
15% September 2014
15% On completion.
Dubai Land Classification Details:
Land Number: 1232
Project Number: 1330
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC