Dubai’s Emaar Properties has for the first time exclusively reserved units
for government employee in its new master development Mira at Reem, according to
the company website.
The developer states that “government employees” can register their interest for Mira at Reem from Tuesday (April 30) from 10 am.
There is, however, no mention of the number of units reserved for the government staff or the prices at which these units will be sold.
The reservation comes after 188 units in Mira were sold out on the launch date with the developer having to release more units to appease investors on the same day. Though only a few units in the community were sold for below Dh1 million, prices were exceptionally lower than Arabian Ranches, a neighboring upscale community.
“Emaar does reserve units to its VIP customer and holds a sale event for VIP ahead of the general launch. This is for the first time, we hear of the company reserving units for government employees,” an Emaar registered property agent told Emirates 24/7 on conditions of anonymity.
Emirates 24/7 reported earlier buyers had started to flip units in the townhouse development, seeking premiums of 12 to 20 per cent regardless of an 18-month lock-in period.
The developer states that “government employees” can register their interest for Mira at Reem from Tuesday (April 30) from 10 am.
There is, however, no mention of the number of units reserved for the government staff or the prices at which these units will be sold.
The reservation comes after 188 units in Mira were sold out on the launch date with the developer having to release more units to appease investors on the same day. Though only a few units in the community were sold for below Dh1 million, prices were exceptionally lower than Arabian Ranches, a neighboring upscale community.
“Emaar does reserve units to its VIP customer and holds a sale event for VIP ahead of the general launch. This is for the first time, we hear of the company reserving units for government employees,” an Emaar registered property agent told Emirates 24/7 on conditions of anonymity.
Emirates 24/7 reported earlier buyers had started to flip units in the townhouse development, seeking premiums of 12 to 20 per cent regardless of an 18-month lock-in period.
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