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Dubai mid-market townhouses sell out

dubai - Alandalus Townhouses in Jumeirah Golf Estates sold out within three hours of release

Jumeirah Golf Estates has announced that its Alandalus Townhouses sold out within three hours of release onto the market.

Following the announcement of the availability of mid-market townhouses last week with a starting price of Dh1.3 million, Jumeirah Golf Estates welcomed local and international buyers at the development on Saturday to officially release the Andalusian-themed townhouses onto the market.

Yousuf Kazim, CEO of Jumeirah Golf Estates, said: "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."

Only 25 per cent of the affordable apartments in Alandalus remain on the market.

"The success of the Alandalus Townhouses with a three-hour sell-out is proof of our mid-market appeal for residents, local and international investors," Kazim added.

The Alandalus Townhouse gated community features a collection of two and three-bedroom homes. The townhouse development is expected to be completed in September 2018 and is the latest addition to the mixed-use community, which also encompasses 715 apartments, a hotel and community retail centre.

- business@khaleejtimes.com