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- Last updated: Friday, 3 August
- Adoos Reference: 1391132
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- Price: £54,366
- Location:
Description
Lakeside is the latest residential property release in the popular International Media Production zone. After the successful launch of the project on Monday 12th March, many of the units were sold on the release night.
There are still some excellent opportunities available on studio and 1-bed apartments overlooking the lake in the residential section of this free zone.
The properties are sold 100% freehold, and are the lowest priced properties currently available in this zone, presenting the perfect opportunity to get on the property ladder in Dubai at a low entry level.
The location is perfect for buy to let, and there is expected to be very high demand for rental properties in this district. In fact the interest in the zone is such that the master planners have now increased the final size of the zone from 35 million sq ft to over 50 million sq ft.
The development consists of 4 residential towers located directly in front of a beautiful lake, with a large park around the buildings. These are part of the only lakefront properties to be released, then these four towers will be the first residential towers to be completed and ready for occupancy and straight into the rental market.
The properties are air conditioned, have double glazing, fully fitted kitchens with fridges and cookers, and quality fittings throughout. Each apartment has underground parking, and an individual post box. The building has a professional housekeeping service, coffee shop, tennis courts, sauna, Jacuzzi, and a BBQ area.
The project will feature a shopping mall, numerous dining options, high quality retailers, entertainment, and recreational facilities. There will be a gym and health facilities on site and a swimming pool.
The project construction time is 24 months.
Availability:
Studio apartments: AED 386,000 / £54,366
From 380 Sq ft
1-bedroom apartments: AED 707,000 / £99,577
From 827 Sq ft
Reasons to invest in the IMPZ
• Approx. 15% of this whole area is residential (36 plots)
• Height restrictions on the residential buildings (that means limited number of apartments leading to high demand)
• Major media companies from around the world will be based in IMPZ creating job vacancies and need for high quality housing.
• Exclusive lake view projects
• Freezone – no tax, no barriers
• 100% foreign ownership
• Free Zone Operations are not subject to Dubai Municipality laws or the
Department of Economic Development
• 1st developer to finish and 1st to rent
• Close to Dubailand
• Close to Jebel Ali International Airport
• International awareness and demand
• IMPZ was initially 35 mill sq ft and due to high demand this area is increased to over 50 mill sq ft.
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