Jumeirah Golf Estates sees good demand for townhouses
Staff Report/dubai Khaleejtimes
Filed on August 30, 2016
Developer sells over 50% of units in phase two of Redwood Park
Jumeirah Golf Estates has sold over 50 per cent of the 35 three- and four- bedroom townhouses in phase two of Redwood Park.
The project’s contactor, Al Ahmadiah, has completed excavation and ground work for phase two, passing 10 per cent project completion since the community was launched in July 2016.
“We have welcomed an influx of local and international buyer interest, with the pace at which the units have sold representative of the appeal of Redwood Park among both end-users and investors from home and abroad,” said Abdulaziz Bukhatir, executive director of corporate services, Jumeirah Golf Estates.
Overlooking Jumeirah Golf Estates’ championship golf course, Fire, Redwood Park has been one of the development’s top sellers since its launch. Representing Jumeirah Golf Estates’ first shift to accommodate townhouses, the community was designed to answer a growing number of families
and young professionals seeking affordable property options, with prices starting from Dh2.8 million.
Phase one of Redwood Park was sold out in June 2016 – it has reached 80 per cent completion ahead of handover in mid-September this year.
Jumeirah Golf Estates has also commenced construction of phase three of the community’s clubhouse, which will open in time for the DP World Tour Championship, while the retail centre continues to take shape.
Bukhatir added: “Q4 2016 will represent a major tipping point in our growth story – with the handover of phase one of Redwood Park, the extension of our clubhouse and opening of a retail centre for our community members.”