Emaar Downtown Dubai units ‘gone in hours’

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“The Address Residence Fountain Views”, Emaar Property’s first project in 2013, witnessed an overwhelming response, selling out all the units released on the first day of the launch.

There is robust demand for premium developments in Downtown Dubai, which was one of the most sought-after communities in Dubai.

Emaar released 147 out of 280 units and all were sold out in a few hours. The average unit price is Dh 2,500 per square feet. The completion date of the project is April 2016.

Downtown Dubai units

The Address Residence Fountain Views marks the first launch of residential property by the global developer in 2013. This follows the overwhelming response to the launch of serviced residences in The Address The BLVD, also in Downtown Dubai, and premium villas in Arabian Ranches, highlighting the robust performance of the city’s property sector led by all-round economic growth.

In September last year, Emaar claimed that it sold out all the units, released on the first day of the launch, for its project The Address The BLVD, which has 200 hotel rooms and 542 serviced residences, including studios, 1, 2, 3 and 4-bedroom units.

“The sell-out of the serviced residences that were offered for sale demonstrates the strong investor confidence in the development credentials of Emaar, while underlining the positive growth trends witnessed in Dubai’s real estate sector,” Emaar said.

“With the launch of The Address Residence Fountain Views, Emaar’s first exclusive serviced residences’ development in Downtown Dubai, we are offering the city’s residents and visitors the choice of being part of one of the world’s most dynamic communities,” Emaar Properties managing director Ahmad Al Matrooshi said in the project launch statement.

Offering an unparalleled lifestyle choice, The Address Residence Fountain Views is a 55-level dedicated serviced residences development. With only 280 residences, all to be serviced by the professional team of The Address Hotels + Resorts, the newest lifestyle development in Downtown Dubai offers investors the choice of spacious 1, 2, 3-bedroom, and 4-bedroom apartments.

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