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Damac Hands Terra Del Sol Project at Discovery Gardens
DUBAI — Damac properties began the handover of the Terra Del Sol project located at Discovery Gardens.
Comprising of 99 units each, Terra Sole 1 and 2 are part of the massive Discovery Garden project, consisting of six communities inspired by garden living.
Terra Del Sol is part of the Mediterranean community.
Congratulating the owners of the Terra Del Sol on the possession of their new homes, Peter Riddoch, Chief Executive Officer of Damac Properties said, “We have seen a slight correction in the market and it’s interesting to note that as per published reports, the real-estate industry in Dubai grew by five per cent in third quarter 2008 even during the global slowdown. Another key indicator is that rents have not come down whether it is residential or commercial which means that demand, still exceeds supply.”
He noted, “The delivery of Terra Del Sol to customers is a step towards our commitment and continued focus on completion of projects. We are determined to ensure that we go all the way to get our customers their homes as early as possible. We are working closely with all our contractors and providing them the necessary support mechanism towards timely completion of projects.”
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