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The first residential properties for sale on freehold terms are being built in Dubai's Dubai Design District (D3). This area is popular with tenants of high-quality small offices.
The general developer of the district, Meraas, will launch the first phase of the Design Quarter project, within which 3 towers with a height of 11 to 44 floors will be built. They will accommodate 558 apartments. Construction will begin in 2023 and will be approximately completed in May 2027.
Recently, office and retail premises in the D3 area were recognized as the best choice for enterprises, especially in the field of creativity and design, as well as for organizations of the "new economy".
Living in Design Quarter in D3, property owners will have access to outdoor sports areas, a two-level infinity pool, public gardens and much more. Meraas also offers exclusive options for renting premises for a variety of purposes in the popular design district of Dubai, including rooms for art galleries, artists' studios, conceptual boutiques and much more.
In addition, Meraas will provide buyers with a convenient payment plan for this off-plan housing, according to which 60% of the cost is paid before the completion of construction, and the remaining 40% after its completion. The completion of the complex is scheduled for the second quarter of 2027.
