Deyaar sets new trend in real estate industry

Of the four projects, Fiftyone @ Business Bay and Mayfair Residency were sold out on the day of their launch, while the others two projects, Mayfair Tower and Metropolis were sold out within a week.

The overwhelming demand for Deyaar projects on offer once again endorsed the ace developer's successful track record in executing superior quality Business Bay projects in terms of innovative design and prime locations. The unique payment plan offered by Deyaar was conceived to lessen the burden on the buyer during a large part of the construction period.

Zack Shahin, Deyaar's Chief Executive Officer, said that the swift sell out of their recent projects was a reflection of the confidence that investors continued to place in Deyaar as a leading regional developer. "The speedy sell out of Fifty one @ Business Bay and Mayfair Residency is a result of a combination of factors - compatibility with the requirements of real estate investors, the flexible payment terms, architectural splendor and locational exclusivity, along with the substantial demand for Deyaar developments by investors."

The quick sell out of Deyaar projects indicates increasing customer appetite for the right real estate offerings. The phenomenal investor turnout for the AED 300 million Fifty one @ Business Bay, the AED 360 million Mayfair Towers and AED 362 million Metropolis was driven by an unprecedented demand in for Deyaar's residential and commercial projects

Prominently located, Fifty one @ Business Bay offers an enchanting view of the lake and the island, a landscaped area, and proximity to Burj Dubai, the world's tallest tower. The 21-storey tower will comprise 164 office spaces.

Mayfair Residency and Mayfair Tower offer stunning views of the lake and an adjoining landscape area. Both towers offer a plethora of amenities, including a landscaped terrace garden, state-of-the-art gymnasium, swimming pool, sauna and steam room, high speed internet connectivity and 24-hour maintenance and security. Mayfair Residency and Mayfair Tower were launched together last week and have been sold out completely.

Deyaar is in the process of significantly expanding its real estate portfolio by announcing projects in many new freehold developments, while meeting the soaring demand for office and residential space in the city.

Deyaar is one of the region's leading real estate players, with residential and commercial projects across the UAE, Turkey and Lebanon. The company is also one of the largest developers on Dubai's prime Business Bay area and leads the property management segment in the UAE, with approximately 16,000 units in its portfolio.