Jumeirah Golf Estates to offer 1% monthly instalments for Alandalus apartments

Jumeirah Golf Estates to offer 1% monthly instalments for Alandalus apartments

Jumeirah Golf Estates (JGE), the world-class residential golf destination offering luxury homes and leisure facilities among two internationally-acclaimed championship golf courses, has announced the launch of an exclusive offer on Alandalus apartments as it prepares to exhibit at Cityscape Global from 11-13 September. Complementing the mid-market luxury Alandalus, JGE will also showcase and sell its premium Redwood Avenue villas at the event.

Cityscape buyers can take advantage of the offer for the Alandalus community’s Mediterranean-inspired apartments, whereby home-owners and investors can benefit from monthly 1 per cent instalments during construction. The offer was initially launched during Ramadan and received extremely positive responses. As the designs of the Alandalus apartments cater to the end-user, customers indicated that the payment plan directly meets their needs, both for investing in and renting an off-plan project, and for those looking to live in the homes. The strong demand and influence of payment plans in a purchase decision has led JGE to reinstate the offer for Cityscape Global.

Cityscape buyers can take advantage of the offer for the Alandalus community’s Mediterranean-inspired apartments: Until 30th September 2017 home-owners and investors of any nationality can benefit from a payment plan of 5 per cent upon booking and monthly 1 per cent instalments during construction. The final balance of 70 per cent will be due on handover in Q3 2019. Reinforcing the confidence in the product, many banks are prepared to offer mortgages for Alandalus homes, despite it being an off-plan property. The payment plan is applicable to the full range of one to four-bedroom apartments, with prices starting from AED 685,000. Moreover, UAE Nationals can avail a 2 per cent waiver on Dubai Land Department (DLD) fees on property purchases.

Combining luxury living with affordable prices, Alandalus has been designed to reflect a growing demand for outdoor living with Andalucian-inspired architecture and contemporary features. The community offers a holistic lifestyle experience, boasting retail space, plans for a hotel development, and Jumeirah Golf Estates’ second Clubhouse, offering residents a wide range of wellness, leisure and entertainment options.

Demand for Alandalus has been exceptional since it launched. In February, townhouses in Phase 1 and 2 sold out in the space of just three hours. Apartments in Phase 1 (comprising two towers) have already sold out and are on track of their 2018 handover.

Mena Herald

18 Nov 2017