SPF Realty sets record in SPA signing with investors in Grand Views at Millennium Estates

DUBAI- March 10, 2014: SPF Realty, a leading real estate company in the UAE offering holistic solutions to all property-related requirements, has conducted a first-of-its-kind Sales and Purchase Agreement (SPA) signing meet for investors of the Grand Views at Millennium Estates, developed by Meydan City sub-developer G&Co. This bespoke community is the place that redefines luxury living.

The off-plan agreement signing between buyers and the developer is happening within a record time of two months after announcing the off-plan project, whereas most other developers take a minimum of four to six months to do so. The development consists of a total 476 luxurious properties -- 304 townhouses, 172 villas and eight mansions.

SPF Realty had signed a contract with G&Co in December last year to market properties of the new luxurious residential project -- Grand Views development at Millennium Estates located within Dubai’s prestigious lifestyle, business and sports hub Meydan City Community. Grand Views offers spectacular views of the grand stand, where Dubai World Cup - the most prestigious and richest horse racing event in the world, attracts the most discerning enthusiasts worldwide.

SPF Realty has successfully sold out the first and second phases of the Grand Views project. The third phase of sales at the Grand Views is live now, having very limited properties available for potential buyers. The two-day long SPA signing event, held at the Falcon Suite of The Meydan Hotel-Dubai on March 3 and 4, aimed at providing the investors with a set of after-the-sales services and taking them for a tour at the project site.

Speaking on the sidelines of the SPA signing meet, Mr. Kalpesh Sampat- Director of SPF Realty, said, “It gives us great pride to be a part of this luxury project, which is valued at Dirhams 2.7 billion. We had in place effective strategies for the sale and management of this luxury property project. The Grand Views at Millennium Estates offered the lowest pricing in the Meydan Community, starting at Dhs 1275/- per Sq.ft., for the prosperous investors. We sold out the entire townhouses in 50 days, and a very few villas are currently available for sale.”
 
“With the SPA signing event, we are promoting the residential community project by developing an insight on the market needs and opportunities provided by the new Grand Views project. The markets matured, so that investors are taking a longer term view towards a more stable and sustainable returns expected from the investment. Grand Views gives the investors an opportunity to secure lower prices, other financial incentives, ultimately, a better return once the development has completed,” he added.

Mr. Kalpesh further said, “The project mainly targets property-seekers who look forward to live in glamorous and exclusive surroundings to enjoy breathtaking nature. Grand Views at Millennium Estates encapsulates a harmonious blend of distinctive lifestyle with lavish homes and wide-open spaces effortlessly interwoven to form a seamless world of existence.”

“Reiterating the leading position of SPF Realty in the market, the Grand Views project enabled us incorporate our knowledge and expertise in rolling out outstanding sales and management services for hi-end properties. We are capable to fulfill the investors’ requirements through our extensive understanding of the market and our wide-ranging expertise in property investment management,” he elaborated.

The payment plan has been made to provide the best security and convenience to the investors. When an investor books a property at Grand Views at Millennium Estates, he/she pays 10 per cent of the property value on booking, 10 per cent after four months of booking, 10 per cent after eight months, five per cent after 12 months, and the balance 65 per cent only on completion of the booked property. The initial 35 per cent payment goes into an Escrow account, thereby guaranteeing the safety of the investors’ money.

Grand Views at Millennium Estates is the city's newest community of luxurious townhouses and villas located in Meydan -- one of the world's largest and most luxurious integrated racing, business and lifestyle hubs. Millennium Estates is a luxury residential development within the master project in the Ras Al Khor area of Dubai. The project is in proximity to Nad Al Sheba-1, which is home to the Dubai-based Godolphin stables and the star attraction for horse-racing enthusiasts worldwide.

Grand Views offers the best of fine suburban living with the convenience of nearby urban destinations – including DIFC, Downtown Dubai and a direct link to Sheikh Zayed Road. Modern, sleek and complete with exquisite finishes, live at the most pulsating address in town. The new luxury residential project will also feature a Community Centre, Retail Shopping, Family Park and a Swimming Pool.

About SPF Realty

SPF Realty was established in 2005 in Dubai with a vision to offer holistic solutions to all property-related requirements. The company mainly focuses on Real Estate Sale Brokerage and Real Estate Lease Brokerage services. SPF Realty has stood firm through the ups and downs of the nascent real estate market in Dubai to emerge as a leader in the field. With unmatched market expertize and uncompromising service quality as our backbone, we offer our clients a complete and customized service advisory package that assures appreciation and return on investment.

Dubai, without a doubt, is poised on the brink of becoming one of the world's leading investment hubs, and nobody understands this market better than SPF Realty. Through SPF Realty’s extensive understanding of the market and the wide-ranging list of properties it manages, it can deliver requirements, regardless of whether one is looking for properties to buy and rent in Dubai, or seeking good value on the sales of an existing property.

SPF Realty’s growing team of dedicated and expert professionals are always at the customer’s service, ready to help make informed decisions on all property-related problems, while its varied and wide-ranging portfolio ensures that it provides excellent service to not just individual clients, but corporate clients as well.