Dubai, UAE September 2014: Dubaican add another notch to its proud record of impressive successes; the sell-out of Phase I of ‘Mirdif Tulip’, Mirdif’s first freehold development, within days of the project’s soft launch at Mirdif City Centre.
“We have had a very successful 7 days leading up to the official launch of Mirdif Tulip, with demand significantly exceeding supply of Phase I apartments,” exclusive real estate agent, Mr Iseeb Rehman, CEO of Sherwoods Group of Companies, said at the launch event.
Over 900 people have registered their interest for today’s launch in Emirates Tower Hotel of Mirdif Tulip and it is being billed as a significant turning point in the Dubai real estate market.
“Of course there is excitement about Mirdif’s first freehold development, however our feedback is people see so much more than just the status of the title deed,” Mr Rehman added.
“Everyone is telling us how happy they are that this project kick-starts Dubai’s urban renewal; a developer has taken a parcel of land on the edge of an established area and is building an integrated community,” he said.
“Today we can declare Dubai’s real estate market has come of age, it’s golden years are ahead of it and Mirdif Tulip is just the beginning of a journey into a bold future of robust urban design, maximum use of existing land parcels and renewal of original communities,” Mr Rehman declared.
Jersey Properties LLC, the Developer, has owned the parcel of land for 7 years and waited to bring the product to the market at the right time.
“With construction at 40% and almost all of the concrete in place, making sure buyers could see progress was part of the decision process in choosing the right time to launch,” said Mr Ehab Elwishy ,Technical Director at Jersey Properties.
“Buyers can have confidence and peace-of -mind, this is a tangible property with construction quite advanced and already underway,” he added.
“We are very pleased with the way people have reacted to our soft launch, and we believe the secret of our success is our passion for building quality homes, the desirability of this project’s location and the high yield people can expect from an area experiencing a shortage apartment accommodation” Mr Elwishy said.
Mirdif Tulip is located on the edge of Mushrif Park, and has 116 residential units across 4 floors and 16 commercial and retail spaces on ground floor.
There is a roof-top pool and a gymnasium on the 4th floor overlooking the park. The development has easy access to Dubai’s oldest park, Musrif Park.