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40% increase in residential rates in Dubai Silicon Oasis over last 12 months

United Arab Emirates: Wednesday, December 05 - 2012 @ 14:00

Samir Munshi, managing director, Silver Heights, said that the company has invested heavily in Dubai Silicon Oasis.

He announced that the new sales programme launched allows “customers to own an apartment and live in it by paying 35% of its price only and pay the balance in installments.”

According to market trends, investors in Dubai Silicon Oasis are getting high returns on their investments in residential units as well as offices, and there has been a price appreciation of between 35 to 40% in the last 12 months. The prices are expected to continue rise driven by high demand for DSO projects because of the strategic location and high living standards.

Most residential buildings in Dubai Silicon Oasis are equipped with swimming pools, gyms and chiller air conditioning systems. The area is covered by bus service and has a dedicated shuttle bus service that connects with Rashidiya Metro Station.

Munshi added: “Apart from all of the lavish facilities the area offers, owners are mostly attracted by the rate of return they get from their investments. From the investment point, the rise of 35-40% in prices over the past 12 months is a strong indicator that rates are set for a further upward movement. It clearly shows the interest people have developed towards this area because of its strategic location and quality urban lifestyle.”

Offering 100% ownership to investors, Silver Heights in Dubai Silicon Oasis is an ideal investment and savings opportunity for those who don’t want to pay full down payment while at the same time get to stay in their apartment thus saving on rent.

Munshi added: “Real estate analysis show that Dubai Silicon Oasis is one of the fastest growing residential communities, supported by advanced infrastructure and facilities. We anticipate high demand for the residential units we own in Dubai Silicon Oasis as prices are within the reach of the clientele we are targeting.”

Strategically located on Emirates Road and just 15 minutes away from major districts of the city, Dubai Silicon Oasis offers high-tech offices and luxurious residential apartments with high class community centers at very affordable rates. The area has world class education facilities with multinational universities like Heriot-Watt, Murdoch and Hult in close proximity in Academic City and leading international schools like GEMS International School, Kensington Nursery and Indian High School built within the area. Large firms like Philips, Fujitsu, AMD, RakBank, are headquartered in Dubai Silicon Oasis.

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Wednesday, December 5- 2012 @ 14:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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