Dubai Festival City (DFC), by Al Futtaim Group, which houses IKEA, Al Futtaim Motors, Ace Hardware, Festival Centre, Al Badia has announced today that it has released its new freehold properties which includes Villas and apartments, for sale on Freehold basis.
The news was announced today on Business Breakfast at Dubai Eye 103.8 by Ian Plumley, Head of Property Sales & Major Events and Acting Head of Leasing, Dubai Festival City at Al Futtaim Group Real Estate.
This comes on the back of Emaar recently releasing offplan properties which were sold completely.
DFC will offer a choice of Villas and Apartments. A 3700 SQFT villa would cost you upwards AED 4.8MN. There are currently 3 phases of the properties in the development. Al Badia, is a popular leasing option among expatriates in the region. The leased properties are fully occupied and there seems to be waiting list for new tenants who would like to move in to the community.
The properties have been fully completed and are ready for occupation. Interested buyers can directly contact Al Futtaim sales centre at DFC.
The launch of this Freehold property signifies the return of Dubai real estate market. Dubai was hit hard by the financial crisis and has taken bold steps to recuperate the economy in the past years. It only proves the potential of UAE to be a destination to live and work.
All the standard rules of the freehold properties will apply to the development.
Further details are awaited. FAQ Link
One thought on “Dubai Festival City DFC Freehold properties up for sale!”
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Recent Posts
RTA Nol Card - Complete Guide Whether you are a resident of Dubai or a tourist visiting the city for the first time, public transportation is highly useful to get around the city. Dubai has quite...
35 Best Moving Companies in Dubai 2023: Seamless Relocations Guaranteed!
Best Moving Companies in Dubai Moving to a new home or relocating can be a stressful job. But you don't have to worry too much because there are professional movers in Dubai who can help. These...
Dubai was really hit hard by the financial crisis and the government has taken bold steps to recuperate the economy in the past years. This only proves the potential of Dubai for future development and Dubai real estate market has bounced back.