Deyaar to start selling Dania District next month

Deyaar Development will start selling units next month for its Dania District located in its Midtown development at International Media Production Zone.

The sale will take place on April 2 in the Burlington Tower in Business Bay at the company's sale centre, the company said in an emailed statement on Sunday, adding that online registration for the sale is open until March 30.

Dania District is the second phase of the 1.2 million square feet Midtown development that was announced in 2014. The Dania District features 579 apartments, as per the statement.

The sale comes as Dubai's property sector continues to see a slowdown due to increased supply and falling regional investor confidence tied to the low oil price.

Deyaar said it is offering customers payment plans to ''satisfy the market's demand.'' Property buyers will be able to move into their apartments as long as they've paid at least 75 per cent. Buyers will also be able to pay in monthly instalments starting at Dh5,000 a month in addition to a 5 per cent down payment, the statement said.

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Source: Staff Report


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