Key Points of Downtown Views:
- 55 storey residential building situated atop the Dubai Mall extension.
- Construction commenced on site and delivery of this project is currently scheduled for 2019
- The podium which will have the mall extension will connect to the main mall by way of a foot bridge
- There will be 9 levels of retail and car parks. The third advantage, which remains to be seen, is that prices should be cheaper than premium Downtown.
- The entire project was sold out within 48 hours of launch. Prices ranged from AED 1,800 - 2,300 per sq. ft.
Unit Types & Sizes
1 Bedrooms will have sizes ranging from 700 - 850 sq. ft. which is ideal for investors.
2 Bedrooms will have sizes ranging from 1,200 - 1,400 sq. ft.
The full fountain facing 3 bedroom units will have sizes ranging from 1,550 - 1,800 sq. ft.
Delivery of the building is scheduled for 2015.
10% Aug 2015
10% Jan 2016
10% June 2016
10% Dec 2016 or when construction reaches 10%
10% May 2017 or when construction reaches 20%
10% Nov 2017 or when construction reaches 40%
10% Apr 2018 or when construction reaches 60%
10% Aug 2018 or when construction reaches 80%
10% on completion
March 2016: Read our Special Report on the Downtown Dubai Off-Plan Market Q1 2016
Project Completion Status (as per DLD): 3.15% (as of May 14, 2017)
Dubai Land Classification & Escrow Account Details:
Land Number: 102
Project Number: 1642
Real Estate Developer: Emaar Properties
Trust Account Number: 17204886
Account Trustee Name: Abu Dhabi Islamic Bank
RERA Permit No:: 11045
Brokerage Firm: Taktical Realty Group LLC