Emirates Gardens Phase 2 launches in Jumeirah Village South

Emirates Gardens is located to exploit its position at the heart of the future wealth centres of Dubai proximity to the International Finance Centre, Business Bay, and the already established Technology and Media zones. Well away from the touristy ‘Old Town’, here a long waiting list of European and Western companies currently have to pay top dollar to compete with equally determined Asian and Middle East counterparts just to gain office space in these Tax Free zones, let alone be able to house their high skilled executives, who will also seek housing there to register their top salaries, Tax Free.

Equally close to Emirates Gardens are the fantastic Sports City and as Dubailand, the largest sport industry complex, entertainment and theme park starts to take shape, predictions expect between 100,000-200,000 visitors a DAY ensuring Emirates Gardens enjoys a sought after location appealing to a cross section of property segments. In additional accessibility from the 5th and 6th interchange on the main Sheikh Zayed Road and to Dubai Marina are positive factors as future traffic increases will mean that proximity to main road and new rail networks will be a plus.

Emirates Gardens offers a desirable location for those seeking an affluent private residential community. With phase one completely sold out, phase 2 is attractively priced presenting overseas investors with a second opportunity to buy freehold into a development with an unrivalled level of quality finish, in peaceful and secure premises. Choose from a diverse selection of spacious Mediterranean and Arabic themed apartments in this beautiful new development, each with their own private car parking space. Completion is planned for April 2008.

Buying the right property should include a careful review of the onsite facilities, as future perspective purchasers interest in the longer term, will be governed by as much by the facilities on offer as the apartment itself. With proximity to a host of recreational and entertainment needs, Emirates Gardens ensures everything is on your doorstep.  A central location, in the heart of Jumeirah Village South, benefits professionals and families alike creating a warm and a friendly neighbourhood.
The developments features include:
- 2 international schools
- Medical facilities and veterinary clinic
- A state-of-the-art health club & swimming pool
- Country clubs and community sports facilities
- Walking, jogging & cycling trails within a central park leading to the unique Sunrise Viewing Pavilion over botanical gardens
-  Waterway promenade system with walkway access to retail & restaurants on ground level

As a property investment, Emirates Gardens fits the bill in terms of lifestyle, location and good letting prospects with investors being offered an annual rental guarantee of 10% for the first 3 years with an option to continue using the local management company to earn an expected 12% rental yield in the future.

Dubai sits at the crossroads of the business and entertainment centres of Europe and Asia. It has demonstrated its remarkable commitment to developing Dubai as a global destination. All the signs are there that Dubai is serious about its property market with the overhaul of Dubai’s property legislation Sheikh Mohammed’s Law no. 7 set to be complete by the end of 2006. Marwan bin Ghalita of the Dubai Land Department said that the government’s issuing of regulations dealing with co-ownership issues will form “the last part of the equation”. Strata Law or Condominium Law deals with title of apartments and other dwellings in communal buildings and is expected to legalise the freehold ownership of individual units in an apartment building while providing for the common ownership of communal spaces in shares proportional to the relative size of each titled unit. This is considered crucial to ensure adequate security of finance for investors in apartment-type property especially as 80-90 per cent of Dubai’s property developments require the Condominium Law.

In time as it’s financial and property markets mature and grow, Dubai will emerge to compete alongside its western counterparts.

Emirates Gardens Phase 2 has just been released and is being promoted by IMOINVEST International. Launch prices are:
Studio              55m² to 69m²     €111,000 to €144,000
One Bedroom    86m² to 146m²   €154,000 to €267,000
Two Bedrooms  131m² to 205m² €235,000 to €375,000

For further details on floor plans and payments plans call 0044 207 845 0700 to speak to an advisor or please click here to email for more details