GGICO and Gowealthy.com launch Axis Residences at Dubai Silicon Oasis

Due for completion in the fourth quarter 2008, the team behind the development and building of Axis Residences, Gulf General Investment Company has proven track record with highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina and Olympic Park in Dubai Sports City.

Gowealthy.com will be exclusively handling the commercial sales and marketing of the building's 316 residential units of which all but two are one bedroom units.

"GGICO is a 34 year old company and is a widely diversified group with 25 subsidiaries and affiliates and as a company we choose our partners very carefully to ensure that overall vision is complementary to our own. Gowealthy.com had the perfect balance between sales prowess and marketing savvy which we felt offered a perfect solution to enable us to realize one of our goals of establishing another successful development," commented Mohamed Abdallah Juma Al Sari, Deputy Member of Board of Directors, GGICO.

Totaling 286,827 sq. metres of floor space and comprising of eight floors of apartments and basement parking, Axis Residences provides tenants with modern and flexible interiors with spacious balconies and terraces that open onto landscaped courtyards and expansive greens. Additionally, tenants can expect the quality that GGICO developments have come to be known for from fittings and appliances to walls and floorings. Safety has been given high priority with every apartment equipped with world class safety features such as a security system, fire safety and alarm system, smoke detection system and child-proof electrical switches. Finally, an intercom between all apartments makes the entire property well connected, and MAT TV and satellite systems provide every apartment with world-class entertainment.

In addition to and enhancing the intrinsic aspects of the development, Gowealthy.com will be offering a tailor-made payment plan which will consist of an initial booking deposit of 10% of the value of the unit with the first Installment, again 10% of the value payable within 6 months of booking installment. On handover, the parking bay and some balance payments will need to be met with a post handover plan of 72 monthly payments of Dhs9,999.

"With the residential property landscape becoming more competitive every day, it was important to design a payment plan for GGICO that would act as an incentive for investors while at the same time being attractive to those looking for a residential complex to move in to," commented Peter Penhall, Chief Executive Officer of Gowealthy.com.