|09-30-2014, 01:56 PM||#1|
First Chinese real estate developer to enter Dubai
Apex Real Estate Development; a Chinese real estate developer, will launch "The Royal Gardens", a residential project in Mohammad Bin Rashid (MBR) City to become the first Chinese real estate developer to enter Dubai.
The company affirmed that it will be in line with Dubai Municipality’s Green Code Building regulations and will cover an area of 6 million square feet and with 878 residential units comprising townhouses and villas.
In fact the company`s sales and marketing manager; Mustafa H Yassin said: “The Royal Gardens is our inaugural project and our main goal is to provide luxury living at affordable prices"
Yet details regarding the prices remain unveiled and concerning this specific topic Yassin had to add: “We are not here to sell (at Cityscape). The law states that you are not allowed to start selling unless you have all the necessary approvals in place and the escrow account is opened."
He suggested that he will follow these laws and "once everything is in place, we will then start revealing our prices and layouts.”
As for the overall project, it is expected to be finished around the year 2019 according to Yassin whom added: “Everything needs to be in place just before 2020.”
As for being the first project developed by a Chinese real estate this only projects further collaborations between the two countries and further foreign investments in UAE.
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