Alandalus Townhouses, the latest community launched at Jumeirah Golf Estates, has sold out within just three hours of being released onto the market.
Scheduled for completion in September 2018, The gated community offers two and three-bedroom homes at a starting price of Dh1.3million ($354,000).
Yousuf Kazim, CEO of Jumeirah Golf Estates, said: “The overwhelming success of the Alandalus Townhouses with a three-hour sell-out is proof of our mid-market appeal for residents, local and international investors and we are seeing great interest from end-users and investors alike.”
”We will continue to push ahead with our fast-paced development and our strategic sales efforts to leverage global real estate investors’ interest in Dubai,” Kazim added.
Alandalus Townhouses will feature Andalusian themes such as a private outdoor terrace including an optional plunge pool. As well as a patio area for each townhouse.
Jumeirah Golf Estates is home to 715 apartments, a hotel, and community retail center.
“The real estate sector in Dubai remains strong and presents a great value proposition for investors seeking high rental yields and capital appreciation,” said Kazim.
“We are confident that 2017 will be a positive year for Jumeirah Golf Estates, as well as the real estate market in Dubai, given that there is an increase in demand and appetite for mid-market homes in the lead-up to Expo 2020.”