Emaar's Dubai project opens sales to outside investors

Emaar Properties, Dubai's largest developer is to launch its project, 'The Address Residence Sky View II' in three cities-London, Doha, and Riyadh simultaneously. The developer will only be selling properties to individuals who are locals or residents of the above three cities. The project is coming up in Downtown Dubai. Continuing with its tradition, Emaar has not disclosed the number of units being sold or their prices, sources said.

In March, Emirates 24|7 reported the developer had sold units in The Address Residence Sky View I at an average price of Dh2,600 per square feet with all units in the project, released at the launch, being sold. The developer had then launched Sky View I in Dubai and Riyadh.

Construction of The Address Residence Sky View, a 50-storey hotel, residence and serviced apartment twin-tower complex, in Downtown Dubai will commence in August this year with completion slated for August 2016. In a presentation given to its registered agents, Emaar said handover of the towers would commence in December 2016.