GGICO to hand over Dubai Silicon Oasis homes

21/12/2017 12:46 AST

Gulf General Investment Company (GGICO), a Dubai-based diversified conglomerate, said it will start handing over the one-bedroom apartments at its Topaz Residences Tower 1 project located in Dubai Silicon Oasis.

Topaz Residences project - which boasts three towers Topaz Residences Tower 1, 2 and 3 - are high-rise residential buildings that feature a total of 448 stylish and spacious one-bedroom apartments, complete with all the modern-day amenities, said the company in a statement.

All the three towers span a total built-up area of 697,925-sq-ft offering a fusion of inspired design and unmatched comfort to ensure a refined well-being for individuals and families, it stated.

Topaz Residences Tower 1, after having sold out all units, are handing over its most awaited one-bedroom apartments starting this end of 2017.

While, Topaz Residences Tower 2, the most premium of the series is over 50 per cent complete with the handover scheduled in the fourth quarter of 2018 and Topaz Residences Tower 3 is 75 per cent complete and ready for delivery in the third quarter.

Topaz Residences Tower 2 is offering premium and spacious 1000 sq ft (average) one-bedroom apartments for Dh691 per sq ft - the lowest per-square-feet rate in Dubai Silicon Oasis - priced at Dh708,695.

The company is offering an EMI option of Dh1,750 per month. It also comes with an attractive payment plan where the tenant pays 40 per cent during construction and 60 per cent over 3 years. Those interested can make a reservation by paying Dh74,262.

On the project's progress, Mohammad Harib Fadhel Almazrooei, the managing director, said: "I am delighted to see our plans of offering premium yet affordable quality living unfold just as we had envisioned. GGICO's sweeping presence in Dubai Silicon Oasis is a befitting decision as the community is thriving with outstanding facilities, and services."

"It is a great community to live and work for those looking for the right balance of quality and affordability," he noted.

Topaz Residences, said Almazrooei, is the newest addition to an extensively spread premium residential offering by GGICO in Dubai Silicon Oasis.

Totaling up the existing projects by GGICO which include Axis Residences, Platinum Residences, and the in-progress Topaz Residences project, the company holds 34 per cent of the total residential projects in Dubai Silicon Oasis, in comparison to other real estate companies, he added.

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