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Dubai Lagoon, 80% sold
- United Arab Emirates: Wednesday, December 28 - 2005 at 14:33
The $817m Dubai Lagoon low-rise apartment development made up of 53 buildings, has sold 80% of properties in the two weeks since launch, due largely to a unique payment plan, according to promoters. Purchasers initially pay 50% of the purchase price over two years, then the balance over five years in monthly installments on moving in.
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James McInerney, News EditorWednesday, December 28 - 2005 at 14:33 UAE local time (GMT+4)
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