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Dubai – Mubasher: Indian, British and United Arab Emirates investors have purchased more than 37% of Seven City Towers' property, Jumeirah Lakes, announced the Seven Tides host company based in the United Arab Emirates.
Indian investors bought 118 homes, accounting for 18%, while UK investors bought 58 apartments, or 9% of the project. (Z) According to a press release, at the Dubai Multi Commodities Center, across the street from the Montgomery Hotel, golf course and the Emirates Hills complex.
"It is interesting to note that many investors have found the Seven Towers Jumeirah Lakes Towers and Dubai as an attractive destination and an ideal place to invest," said Abdullah Bin Sulayem, CEO of Seven Tides.
Unlike Indian and British investors, the UAE bought 65 units in the project, 10% from Pakistan, 6% from investors, followed by Saudi Arabia, which bought 5%, while Russian investors bought 4% of properties sold.
The project attracted 16 investors from different nationalities, including Canada, Egypt, Romania, France, China, Lebanon, the United States, Jordan, Ireland and Ukraine.
During the first phase of the Seven City Jumeirah Lakes Towers project, it was fully sold less than a week after its launch in 2018. The project is expected to be fully delivered in the fourth quarter of next year.
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