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Thursday, November 26 - 2009

Rhodi and Gowealthy.com to launch Rhodi Residence Beit Al Funoon at Dubai Culture Village

  • United Arab Emirates: Saturday, November 01 - 2008 at 15:20
  • PRESS RELEASE

With a signature style that echoes the traditional architecture of Arabia, Rhodi Real Estate in association with Gowealthy.com has recently launched Rhodi Residence Beit Al Funoon.

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  • (L-R) Peter Penhall, Chief Executive, Gowealthy.com and Javed Patel, Director, Rhodi.
    (L-R) Peter Penhall, Chief Executive, Gowealthy.com and Javed Patel, Director, Rhodi.
Situated at Culture Village, this development which is currently under construction is targeted to connoisseurs of fine living. The residences tastefully blend a sense of community and old style living within a modern environment.

Many residents today look for living spaces untouched by pollution and congestion which offer them a sense of identity. However, at a time when access to property-purchase funding is not easy, such choices seem further out of reach. Rhodi Residence Beit Al Funoon comes as a perfect opportunity for such buyers, who currently find it difficult to obtain mortgages to buy quality homes. The payment plan associated with these carefully crafted residences is ideally suited to ease the initial payment requirements.

"At a juncture when prudent investment is a key priority, buyers are only expected to pay a total of 5% of the total apartment cost upfront which is again split to 2.5% on booking and 2.5% in 30 days. The further quarterly 5% payments are linked to the physical construction process. This leaves a comfortable balance payment of 70% on handover, which could be mortgage financed. Another key advantage of Rhodi Residences is that investors are assured of definite delivery schedules as the construction has already commenced and is progressing well within planned timescales,"
said Peter Penhall, Chief Executive, Gowealthy.

Right from the souk-style reception which leads to apartments offering panoramic views of the creek, Rhodi Residences juxtaposes vibrant modern living with the warmth and hospitality of a bygone era. Its unusual exterior design pays homage to the excellence of Arabian craftsmanship.

"The environment, the architecture, the community and the living spaces are what characterize the identity of a residential property. Prudent investors are now looking at quality of living rather than just living spaces. Rhodi Residences breaks the mold of cookie-cutter apartments by redefining the concept of an urban home within one of the most dynamic and historic neighbourhoods in Dubai. The project is a perfect fusion of old style architecture and urban energy rolled into one. The artfully luxurious residences are designed to enhance a close sense of community in a contemporary lifestyle with every comfort in mind," he added.

With opportunities for both those looking to move in or rent out, the development offers a wide range of apartments varying from studio to one and two bedroom spaces with well thought out terraces. Fully equipped and designed to accommodate every possible aspect of modern living the apartments interpret the overall design philosophy with the subtleties of each individual home.

"An international-class development calls for world-class architecture as well as exemplary interior and exterior designs. Rhodi's emphasis on quality client-centric products provides buyers with more than a home but a fulfilling lifestyle. This combined with forward-looking real estate planning creates a project that offers tangible value. Rhodi Real Estate and Gowealthy.com together present this cutting-edge professionalism to the Dubai property sector,"
said Firoz Ibrahim Patel, Chairman, Rhodi.

Rhodi Residences is within a landscape that exudes a magical charm. Complementing its unique location at the Culture Village which is rich in tradition and heritage that has inspired artists for centuries, the property is an excellent investment opportunity for those looking at a tranquil contemporary lifestyle.
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Notes and media contacts

About Rhodi Real Estate:
Rhodi Real Estate is an integral part of the successful Rhodi Group (PLC), established over 25 years ago. Its future-driven business strategy has assured the Company unprecedented global growth in its development and investment property portfolio, all self-financed. Future plans involve rapid expansion in property development and purchasing, and consistent growth with an emphasis on quality client-centric products focusing on a fulfilling, avant-garde lifestyle in ultra-modern living spaces.

About Gowealthy.com:
Gowealthy.com is a global property and lifestyle portal, providing comprehensive information on international real estate and freehold properties in Dubai, overseas relocation and tax havens, offshore banking and incorporations, tax free investments, travel and entertainment. Gowealthy offers a full-range of marketing and specialized solutions for property developers, investors and retailers with its premier brand gowealthy.com capitalizing on the need for online financial and property marketing services.


For further information, please contact:
Fleur Bocarro
Media Relations Manager
Perspective Public Relations
Al Thuraya Tower II, Level 20
Dubai Media City
P. O. Box 502037
Dubai, UAE
Tel: +971 4 364 2414
Fax: +971 4 369 7635

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