Handover set in Q1-2020 before Expo Dubai
Prescott Real Estate Development showcased its AED 165million (US$ 45m) Prime Views project in Meydan Avenue in Dubai at the recently concluded 8th Dubai Property Show (DPS) staged in Shanghai, China.
“Prime Views located just 200 meters from the Meydan hotel is an excellent investment proposition for buyers in the UAE, China, and other nations. The low-rise G+4 building, which sits on a plot of 60,000 sqft. comprises 151 apartments,” said Naveed Faridi, General Manager, Prescott.
The ongoing construction of Prime Views, which is targeted to be turned over in the first quarter of 2020 right before Expo 2020 Dubai, comes at a time when there is an increased focus among developers on affordable luxury property segment.
The premier but cost-efficient Prime Views is Prescott’s response to this growing trend coupled with the company’s initiative to offer a post-handover payment plan amid incredible local demand for the scheme.
China factor
It was the first time for Prescott to join the annual DPS, which was held in China for the second time after its debut in one of the world’s superpowers in March this year.
“Meydan is considered one of Dubai’s prime areas due to its proximity to all important destinations such as Meydan Racecourse, Dubai International Airport, Dubai International Financial Centre, Downtown Dubai, Business Bay and Sheikh Zayed Road,” Faridi added.
Moving towards 2020, Prescott will continue to focus on affordable luxury segment and initiate development projects in locations that are part of the expanding areas of Dubai to give an upgraded category of living to consumers of newly developed areas.
