Industry sources confirm that the government with its various regulatory bodies has spread an extra mile to bring about stability by controlling supply and nipping problems that had been experienced in the past.
They say that aggressive law and other timely steps have totally restored the health of the realty estate, which has become more vibrant than pre-recession days.
Badr Al Gargawi, Chief Executive Officer, Development & Planning Division, Tecom Investments while launching Villa Lantana, a freehold villa community by Tecom Investments noted that the realty industry in the emirate has been booming at a fast pace.
Ideally situated in the heart of Dubai’s growth corridor of Al Barsha South, Villa Lantana is in close proximity to Dubai’s main arterial roads and enjoys fast and easy access to the city’s primary business areas, retail and entertainment hubs, and educational establishments.
Villa Lantana’s 440 contemporary homes are set in a well-planned neighbourhood. Consisting of 3, 4 and 5 bedroom detached and semi-attached family homes, the development is set across two landscaped gated communities. Sales to the public are expected to open in early September with prices starting at Dhs2.375 million.
The project will offer interested buyers the choice of 17 different villa designs and 11 floor plans. Residents of Villa Lantana will benefit from a retail centre, parks and playgrounds, as well as sports facilities including sports centres with gyms and pools, sports courts and outdoor jogging tracks. All amenities and full landscaping will be completed in time for handover.