- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Tanmiyat Global has revealed that it has sold out all the villas at Living Legends, while one-third of the apartments are still available. Investors from 76 countries have bought into the project, according to marketing agent Delta International Real Estate (Dire), with those from the GCC and Europe accounting for most of the sales. It also said that the development has attracted Iranian and Russian investors.
“We’re delighted to confirm that all of the villas and two-thirds of the apartments have been sold,” said Saleh Tabekh, CEO of Dire.
“With our first 150 villas set for delivery in the second quarter and residents able to move in during the fourth quarter, the elite Living Legends community will be thriving by the end of the year.”
Only 17 per cent of the 14.5-million-sq-ft project area is developed space, giving Living Legends one of the lowest densities of construction in Dubai. The nine-hole Living Legends Golf Course, designed and under construction by Harradine Golf, makes up most of the green area, which will become the community’s centrepiece.
Moreover, solar-powered heating and lighting, along with LED lighting will feature across the development.
“Living Legends represents affordable luxury and iconic Dubai living at its best,” said Mohammad Bin Odah, CEO of Tanmiyat Global, which reported most of its sales from the recent Dubai Property Show in London. “Dubai has long attracted investors from across the world and the display [at the show] proved that the market is set to flourish again.”
The mixed-use development will have 500 villas and 12 apartment towers, along with a community clubhouse, shopping mall, boutique hotel, schools and clinics. It’s located in Dubailand, 15 minutes from Downtown and 25 minutes from Dubai International Airport.
Source: Property Weekly