By Parag Deulgaonkar www.emirates247.com
After a span of 10 years, Emaar Properties, Dubai-based developer, is launching a luxury residential project in Dubai Marina.
“The VIP launch of 52 | 42, comprising two towers of 52 and 42 storeys, respectively, took place on Saturday, which is their first project in Dubai Marina after 10 years,” real estate agents attending the launch told Emirates 24|7.
“The project is expected to be completed in 2020. Units have been priced at Dh1,700 per square feet (psf),” the agents informed.
The highlight of the project is that it will be located at the entrance to Dh6-billion Bluewaters Island, a new tourist attraction in making that houses ‘Dubai Eye’ – the world’s largest Ferris Wheel.
The payment plan, according to the agents, is as follows: 10 per cent on purchase date; 10 per cent in September 30; 10 per cent each in February and August 2017; 10 per cent each in May and December 2018; 10 per cent each in June and November 2019, and 20 per cent on completion in September 2020. More info and photos