Property

Dubai’s Union Properties launches Green Community phase III

Extension to take total number of units in the complex to 1,765

PHOTO: Khalid Bin Kalban, Chairman of Union Properties (left), said there was ‘increased demand for quality units’. Credit: Union Properties

The Dubai-based Union Properties has announced the launch of the $185 million Green Community West phase III development.

The company opened the registration and off-plan sales for the project to VIP clients and investors.

Prices start at AED 850 per square feet and the average size of a unit is 4,350 square feet for a three-bedroom apartment.

The company has also introduced flexible purchase plans to allow the buyer to pay only 50% until the hand over date, while the remaining 50% can be paid via a flexible plan of up to eight years.

The new phase will feature 210 three-bed townhouses, health and leisure facilities such as a gymnasium, outdoor swimming pools, tennis courts, a squash court and an event hall.

“The project sales launch represents the company’s efforts to meet the increased demand for quality units from end users, and buyers as well as the investor’s requirements for well-established neighbourhood,” said Khalid Bin Kalban, Chairman of Union Properties.

“Having to expand new projects is a sign of confidence in the real estate market and for the housing market in particular. Green Community has a higher value on short and long-term investments; the community is eco-friendly, includes parks and green walkways. It is self-sufficient, with existing retail, banking, leisure, pools, health and fitness, medical, educational and commercial facilities.”

Green Community West phase III is an extension of the first two phases and will take the total residential units to 1,765.

Shapoorji Pallonji International has commenced work on the third phase of the Green Community development and DEWAN Architects & Engineers is the project consultant.

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