Developer’s SAAM VEGA project continues to attract overwhelming response from visitors
Subsequent to its participation at this year’s Dubai Property Show’s Shanghai and London editions, Falconcity of Wonders LLC - the developer of the Falconcity of Wonders (FCW) multipurpose mega project being built in Dubai - is making its presence felt at the event’s Indian edition, which is being held in Mumbai, India, from December 7 - 9, 2018. The participation comes in line with FCW’s strategy to strengthen its current market position by expanding global footprint, and to capitalise on the promising opportunities presented by the growing interest of Indian investors in Dubai realty.
Being home to 2.6 million-strong Indian diaspora, the UAE is also the top-ranking destination for Indians who seek promising long-term real estate investment opportunities. Indian nationals accounted for more than 4,600 transactions worth AED 8.6 billion in the first nine months of this year to become the largest property investment segment in the UAE, according to the figures released by the Dubai Land Department (DLD). Confirming these statistics, Indians continue to remain among FCW’s top foreign investor groups and have been consistently showing great interest in the development’s unique ‘The World in a City’ theme. Responding to this growing demand from Indian buyers and investors, FCW is showcasing its newest luxury hotel serviced apartments project, SAAM VEGA at the show.
His Excellency Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Indians have never shied away from investing in the emirate’s real estate sector, thanks to its strategic location, high investment and rental yields, capital appreciation and regulations, which are factors that make it an attractive proposition. This year, the SAAM VEGA project is the highlight of our participation, which is generating a lot of enquiries. We are glad to interact with and strengthen our relations with Indian buyers, further boosting their investment aspirations in the emirate of Dubai.”
The three pyramid structures, will be developed by Falconcity at the heart of Dubai with the small and medium pyramid will be under the management of Oakwood hotels international hoteliers. SAAM VEGA, the small pyramid and SAAM Polaris, the medium pyramid, are both a lucrative investment opportunity for the discerning investors who see a high tourist influx due to Expo2020 being just round the corner.
The three megastructures will include a total of 4,651 Luxury Hotel Serviced Apartments that will be available for sale to individual buyers with an option to either occupy or rent the unit into a voluntary rental pool that will also be managed by the world-renowned managing partner, Oakwood. It is expected that the majority of investors will acquire the asset with the intention to take part in the dynamic Dubai real estate landscape as it tends to yield ah high ROI income.
All Pyramids have been designed to a luxury serviced apartment standard which is the highest design standards under DTCM (Department of Tourism and Commerce Marketing).
Together the three Pyramids will have a total of 2,185 Studio Apartments, 1,855 One-bedroom Apartments, 608 Two-Bedroom Apartments and 3 Three-Bedroom Apartments.
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