- Investors to take advantage of a limited-time promotion and experience luxury living
- Raft construction completed for Imperial Avenue with project delivery in December 2019
Jeddah: In keeping with the spirit of the Holy month of Ramadan, Shapoorji Pallonji International Property Developers (SPIPD) has unveiled an attractive payment plan for investors who are interested in owning a luxury apartment in the developer’s first international real estate project, Imperial Avenue, located in Downtown Dubai. Under the new payment plan, investors will get the opportunity to upgrade their living experience with an initial payment of only 5% and pay 55% of the property value upon completion.
Following the 5% reservation amount, home owners will be required to pay an additional 10% of the property value within 60 days from booking. Subsequently, investors will have the flexibility to complete seven installments of 4% each of the property value every three months and a final installment of 2% of the property value.
Commenting on the Ramadan offer, Rayomand Dastur, Director – Sales and Marketing at SP International Property Developers (SPIPD) said, “Imperial Avenue is a premium residential development that offers larger living spaces in the heart of the city. With a booking fee as low as 5% and a flexible payment plan until completion, we want to support investors by reducing the monthly installments and providing peace of mind.”
As of May 2017, 15% of the project work has been completed. In addition, the construction of the raft has been completed recently, setting the next stage for construction of the G+45-storey high-rise. The main structural works is expected to be concluded by June 2018, ensuring the project is on track for handover in the 3rd quarter of 2019.
With over 45 years of experience in completing and delivering quality projects in the Middle East, Shapoorji Pallonji Mideast was recently honored by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, with ‘Dubai Quality Appreciation Award (2016 cycle)’ for the construction sector at the Dubai Business Excellence Award.