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Jumeirah Golf Estates (JGE) announced it has sold out phase one of its Redwood Park to a mix of local and international buyers. The community development consists of modern town houses overlooking the Fire golf course. JGE said phase one of the two-phase development is now more than 70 per cent complete, with handover scheduled in the fourth quarter.
“We have witnessed a surge in interest in Redwood Park among both investors and end users seeking properties that offer competitive rental yields and capital appreciation within an award-winning community,” said Abdulaziz Bukhatir, Executive Director of Corporate Services at JGE. “We are pushing ahead with our fast-paced development and we are driving strategic sales efforts to leverage global real estate investors’ interest in Dubai.
“The fact that phase one of Redwood Park has now completely sold out is proof of our appeal for residents and local as well as international investors. For example, we are seeing real potential to market Jumeirah Golf Estates to investors in China and India.”
Representing JGE’s shift to town house developments, Redwood Park was designed to answer a growing demand from families and young professionals for affordable options, with prices starting from Dh2.51 million.
Redwood Park is a collection of spacious three- and four-bedroom town houses, with fairway views of the Fire course and landscaped gardens. The community offers two design schemes: the minimalistic Choi and the modern Cabrera.
Source: Property Weekly