Deyaar's Mirar Residences sold out within hours

Deyaar is one of the first developers of residential property in DuBiotech, the 300-hectare master planned community aimed at accelerating biotechnology research and development in the emirate.

The project launch was attended by an overwhelming number of investors and end users keen to purchase units within Deyaar's latest real estate undertaking.

"Our customers recognise that Deyaar has a strong track record of meeting commitments and being transparent. In addition, Mirar Residences is another pioneering offering in a new high potential master development, DuBiotech, where investors will be rewarded for getting in first," said Saeed Al Qatami, Deyaar's Managing Director - UAE Business.

"Today's endorsement by our loyal customers continues to build on the company's impressive track record of units being snapped up within hours of unveiling a Deyaar property," he added.

Al Qatami reiterated: "The project's swift sell out reinforces the fact that our strategic foresight and due diligence in selecting developments is well appreciated by our customers."

The company's latest offering, Mirar Residences, offers 414 one-, two- and three-bedroom apartments, some of which offer maid's accommodation. Set amidst a state-of-the-art residential hub within DuBiotech, Mirar Residences will comprise luxurious recreational facilities, including rooftop swimming pools, modern gymnasiums, ample parking space and high-speed Internet connectivity. Located in close proximity to a number of shopping malls and key business hubs such as JAFZA, Dubai Media City and Dubai Internet City, the project will be conveniently served by the second stage of the Dubai Metro. Mirar Residences is scheduled for delivery by the fourth quarter of 2010, with construction already underway.

Located in Al Barsha, DuBiotech offers 22 million square feet of freehold property that includes residential, commercial and retail developments, as well as state-of-the-art laboratories, manufacturing facilities, office space and core research facilities.

Today, Deyaar enjoys a solid track record of success and stands at the forefront of the Dubai property development sector with projects that enjoy high demand in the secondary market. The company's projects span prominent locations across Dubai, including Jumeirah Lakes Towers, Dubai Marina, Downtown Jebel Ali and Business Bay, where Deyaar is one of the largest developers.