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Emaar sold 188 Mira homes at almost 50% discount
- United Arab Emirates: Monday, April 15 - 2013 at 05:04
Dubai-based Better Homes has said Emaar Properties has sold more than 188 homes at the Mira project to be built in Dubai after the developer offered properties at almost half the price of homes in nearby neighbourhoods, Bloomberg has reported. Mira is the first phase of the Reem development, which is to include schools, shops, parks, a cinema and an amphitheatre among its attractions. The developer of the world's tallest tower offered the townhouses for about Dhs550 ($150) a sq ft, said Rami Abi Faraj, a manager at Better Homes. "These were amazing homes at very good pricing," said Abi Faraj. Properties in Arabian Ranches, near where the townhouses will be built, are selling at more than Dhs1,000 per sq ft, he said.
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