Park Investments unveils $73.5m villa project at Jumeirah Village Circle in Dubai

10 September 2014 (Last Updated September 10th, 2014 18:30)

UAE-based developer Park Investments has launched the AED270m ($73.5m) Park Villas project at Jumeirah Village Circle (JVC) in Dubai.

UAE-based developer Park Investments has revealed plans for its AED270m ($73.5m) Park Villas project at Jumeirah Village Circle (JVC) in Dubai.

The project is to be built across an area of 365,000ft² and will feature 93 two-storey four-bedroom villas each with a personal lift along with other amenities such as spacious balconies, a fully equipped kitchen and two covered car parks.

The villa sizes will range from 3,168ft² to 3,322ft² and will have the option to include a swimming pool.

"Each villa unit at our project is designed on a grand scale offering substantially more floor space than other comparable developments."

The company said in a statement: "One of the biggest draw for buyers of this project is its attractive payment scheme which allows purchasers to pay 50% until the completion and 50% after handover, with an option of easy interest-free instalments."

The project marks the first real estate venture for the company in Dubai.

Park Investments executive chairman Parminder Singh Sehgal said: "JVC is experiencing a surge in demand as it reflects a growing trend towards accessibility, convenience and cost-effectiveness.

"Each villa unit at our project is designed on a grand scale offering substantially more floor space than other comparable developments.

"Alongside, we have also signed contract for projects, sales and marketing with firms like Rocky Real Estate, Allsopp & Allsopp, Smith and Ken, Alif Properties, 3G Real Estate and luxury homes. Our product offering is quite unique with its unmatched quality together with the best payment plan."

Construction works at the site has already begun and are expected to be completed by the first quarter of 2016.